West TX Oil up to $94.80 on Easing Supply Risks

U.S. crude oil futures rose on Tuesday to recoup some losses from the previous day when prices dropped as investor concerns over conflict in Iraq and Ukraine eased.  U.S. crude futures for September delivery had risen 29 cents to $96.70 a barrel by 0004 GMT, after falling 94 cents on Monday.

Iraqi and Kurdish forces recaptured Iraq’s biggest dam from Islamist militants with the help of U.S. air strikes to secure a vital strategic objective in fighting that threatens to break up the country, Kurdish and U.S. officials said on Monday.

Dozens of people, including women and children, were killed as they fled fighting in eastern Ukraine on Monday when their convoy of buses was hit by rocket fire, military spokesmen said.

CNBC

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.