Oil prices stabilize following Golan Heights attack

TradingKeyJul 29, 2024 12:05 PM

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- Oil prices remained stable on Monday amid concerns of escalating conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights.

- Brent crude futures edged up by 0.09% to $81.20 a barrel, while U.S. West Texas Intermediate (WTI) crude futures increased by 0.01% to $77.17.

- Last week, both Brent and WTI benchmarks saw declines due to weakened Chinese demand and hopes for a Gaza ceasefire, with tensions rising after a reported Hezbollah attack in the region.

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