Crude oil prices started the week with gains as tension continued to escalate in the Middle East after Israel and Hezbollah exchanged missile strikes, but bearish sentiment in oil markets is far from being extinguished and prices fell back slightly after initial gains. Last week, Brent crude and West Texas Intermediate booked their biggest price gains since April, according to Bloomberg, boosted by the Fed’s decision to cut rates by 0.50% and news that Beijing plans more stimulus for the economy. Brent crude has added 9% since dropping to…
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