Mumbai, Jan. 28 -- Oil prices held near a four-month high around $62 per barrel as traders weighed supply disruptions, geopolitical risks, and a weaker US dollar. US crude production was cut by up to 2 million barrels per day after a severe winter storm, tightening near-term supply, while President Trump's renewed warnings toward Iran kept risk premiums elevated. Markets also monitored the growing US military presence in the Middle East, heightening concerns over potential disruptions to global flows. Adding support, API data showed US crude inventories fell by 0.25 million barrels last week, reinforcing signs of tightening fundamentals. Meanwhile, the US dollar slid to a four-year low, dropping under 96 boosting demand for dollar-denominat...
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