Oil Prices Dip as Middle East Tensions Ease

The global oil market experienced a significant shift on Monday, November 25, 2024, as crude prices fell by approximately 3%. This downturn was primarily attributed to reports of a potential ceasefire agreement between Israel and Hezbollah, the Lebanese militant group. Brent crude, the international benchmark, saw its January 2025 contracts close at $73.01 per barrel, […]