WTI trades near $81 after rebound amid supply fears
Author: fmGeneralen
West Texas Intermediate gained ground after three days of losses, with the benchmark crude trading around $81.00 per barrel during the European hours on Wednesday. Crude oil prices have rebounded as renewed hostilities in the Middle East reignite geopolitical tensions after several days of relative calm, fueling fresh concerns over potential disruptions to world energy supplies. The escalation began as the US military reported intercepting what it described as a surprise Iranian attack targeting American troops stationed across the Middle East. Meanwhile, Iran-backed militias in Iraq launched...