Oil prices rose. Traders are weighing tensions in the Gulf against strong exports from the Middle East. This was reported by Qazaqyia.kz citing Reuters.
According to Reuters, gains were seen in the oil market. Traders are assessing the market situation through two main factors: on one hand, tensions in the Gulf, and on the other, strong exports from the Middle East.
Tensions in the Gulf are being viewed as a factor affecting the market. At the same time, strong export volumes from the Middle East are also influencing prices.
The balance between these two factors is shaping oil prices. Traders are evaluating market prices taking these circumstances into account.