Oil futures hit five-month high on strong manufacturing data, escalating geopolitical tensions

by | Apr 1, 2024 | Stock Market

Oil futures advanced on Monday, with West Texas Intermediate crude reaching a five-month high after data showed business activity in the U.S. manufacturing sector expanded at a modest pace last month, while an Israeli air strike on the Iranian consulate in Syria threatened to worsen geopolitical tensions in the Middle East.

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[mwai_chat context=”Let’s have a discussion about this article:nnOil futures advanced on Monday, with West Texas Intermediate crude reaching a five-month high after data showed business activity in the U.S. manufacturing sector expanded at a modest pace last month, while an Israeli air strike on the Iranian consulate in Syria threatened to worsen geopolitical tensions in the Middle East.nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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