Geopolitical Risk Props Up Oil Prices After a Two-Day Dip

Crude oil prices snapped a two-day losing streak on Wednesday that extended into today’s session in Asian midmorning trade supported by growing worry about the state of international affairs in the Middle East. After dipping below $80 per barrel earlier in the week, Brent crude had earlier today recovered to over $80, with West Texas Intermediate at over $77 per barrel. At the time of writing, the international benchmark was hovering around $80 per barrel. Although shaky, the rise is worth noting because it comes amid an abundance of bearish…