Oil prices fall slightly as unrest continues in the Middle East

According to Reuters, oil prices are also affected by hopes in the market that the US will ease some of the sanctions against Venezuela, one of the major oil-producing countries.
Unrest in the Middle East is causing fear in the oil market on Tuesday. | Photo: Chandan Khanna
Unrest in the Middle East is causing fear in the oil market on Tuesday. | Photo: Chandan Khanna
by MARKETWIRE

Oil prices decrease slightly Tuesday as unrest in the Middle East continues to be the overriding theme. Most recently, the US has stepped up diplomatic efforts in an attempt to contain a situation where the conflict is spreading to a larger area, drawing more players into the war between Israel and Hamas.

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