Oil prices experienced significant volatility, ultimately closing higher for the week despite early gains being relinquished. Traders are closely watching potential peace talks between the U.S. and Iran, which could ease supply concerns. However, ongoing disruptions in the Strait of Hormuz continue to fuel fears of renewed military escalation and higher prices.
Oil and data centre stocks sink after US midterms
Following the US midterm election outcomes, significant shifts have been noted, influencing both oil prices and Asian stock markets. This week, Brent crude futures plummeted