Oil Steady After Risk-On Gain as Market Watches for Iran Attack

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Bloomberg,West Texas Intermediate,Global Market

(Bloomberg) -- Oil was steady after recovering from a global market rout as investors watched for a retaliatory strike from Iran on Israel.Most Read from...

-- Oil was steady after recovering from a global market rout as investors watched for a retaliatory strike from Iran on Israel.Paris Spent €1.4 Billion to Clean Up the Seine. Has It Worked?Brent traded above $76 a barrel after closing slightly higher on Tuesday as equities led a rebound in risk assets. West Texas Intermediate was near $73. Traders continue to monitor the Middle East and a potential attack by Iran on Israel as payback for assassinations of Hezbollah and Hamas leaders.

China’s oil imports dropped to the slowest pace in almost two years last month, underscoring concerns about weaker demand. In the US, industry figures pointed to a marginal gain in crude inventories after five weeks of declines and a large build of gasoline stockpiles. US government data is due Wednesday.

Nigeria's women have shown resilience off the basketball court and defensive steel on it to break new ground for Africa at the Paris 2024 Olympic Games.Paris investigates threats to Israeli Olympic athletes as tensions rise over Gaza war FTSE 100 Live 7 August: Ozempic maker Novo Nordisk sales soar; WPP offloads FGS stake for £611 million

 

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