TODAY'S MARKET INTELLIGENCE
Middle East and Russia-Ukraine Tensions Drive Oil Price Volatility
English summary
International oil prices fluctuated at high levels during the Asian-European session on Friday. News of Qatari mediation in US-Iran talks briefly lowered prices, but escalating clashes between Saudi Arabia and Houthi rebels, along with ongoing Russia-Ukraine conflict tensions, supported a rebound. Strategic reserve releases by multiple countries offer temporary buffers, but institutions warn that infrastructure damage risks remain, expecting pulse-like market movements before the US election.
The English text is machine translated and may require verification against the Chinese version.
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