Oil Prices rises Due to Issues in Middle East and Expectations of a US Rate Cut

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Oil prices continued to rise on Tuesday, driven by both geopolitical tensions in the Middle East and positive investor sentiment anticipating potential interest rate cuts by the U.S.

Federal Reserve. Brent crude futures increased by $1.19, or 1.5%, reaching $80.26 a barrel, while U.S. West Texas Intermediate crude rose by 94 cents, or 1.3%, to $74.50.

The…