Oil prices rose as uncertainty loomed over voluntary output cuts by OPEC+, tensions in the Middle East, and positive economic signals in Europe. Brent crude futures increased by 0.8% to $78.66 a barrel, while US West Texas Intermediate crude futures went up by 0.9% to $73.19. Saudi Arabia's energy minister's comments supported prices, suggesting that OPEC+ production cuts could continue beyond Q1 2024. Additionally, the resumption of fighting in the Israel-Hamas war and attacks on commercial vessels in the Red Sea raised supply concerns.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MZODVGR
