Gov't to enhance market monitoring over rising oil prices
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Oil prices fall more than 3% as traders discount Iran-Israel war risk
Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.67, or 3.13%, to settle at $82.69 a barrel. June Brent futures were down $2.73, or 3.03%, at settle at $87.29 a barrel. […]
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Middle East conflict risks sharp rise in oil prices, says IMF
In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares An escalating Middle East conflict risks leading to higher oil prices, a reversal of the recent fall in inflation and a puncturing of the optimistic mood in financial markets, the International Monetary Fund has warned.The Washington-based IMF said it was closely monitoring events in the region after Iran’s missile strike on Israel at the weekend and stressed the possibility that a war between the two...