admin Middle East Oil Map – Oil prices edged higher on Thursday as two groups raised their forecasts for demand this year. The Paris-based International Energy Agency lifted its prediction for demand growth in 2024 to 1.24 . 0136 GMT — Oil rises in the morning Asian session. For now, oil’s price actions suggest that markets are assuming that there won’t be an escalation in the Middle East situation, ING commodities .
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Middle East Oil Map Middle East oil and gas. | Library of Congress: Oil prices edged higher but current sentiment is divided between concerns over weaker economic growth and escalating tensions in the Middle East following fresh attacks from Iran-backed Houthis on U.S . “As the Middle East conflict is currently not affecting oil production, the geopolitical risk premium priced in oil prices now appears modest based on the implied volatility of options,” Goldman Sachs .