Oil rises in early Asian trading, Middle East tensions remain in focus

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Oil Prices News

Geopolitical Risk

Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from...

- Oil prices edged higher in early Asian trading on Tuesday, reversing losses from the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.

However, analysts noted a multitude of risks remain in the oil market. ANZ analysts highlighted U.S. approval of new sanctions on Iran's oil sector that broaden current sanctions to include foreign ports, vessels and refineries that knowingly process or ship Iranian crude.

U.S. crude oil inventories are expected to have increased last week while refined product stockpiles likely fell, according to a preliminary Reuters poll of analysts.TFSA Investors: 2 Winning Buy-and-Hold Forever Stocks in April 2024 The price of gold continues to hit the headlines, but this material is also making waves and should continue to climb for investors. The post Forget Gold: This Other Metal Is Sure to Soar Higher! appeared first on The Motley Fool Canada.Retirement is the period in your life when many focus on family and the things you weren't able to do while you were busy with your career. As such, you'll want to optimize your financial well-being...

 

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