Oil Prices Bounce Back From Eight-Month Lows

This week, crude oil prices rebounded sharply from their recent lows, driven by a potent mix of geopolitical risks, tightening supply, and improving economic indicators. Both Brent and WTI benchmarks recorded gains for three consecutive sessions, marking a significant turnaround from Monday's eight-month lows. Middle East Conflict Ignites Supply Concerns The specter of escalating conflict in the Middle East emerged as a primary catalyst for oil's upward movement. The recent assassinations of senior Hamas and Hezbollah members have heightened fears…