April 19, 2024 5:40 PM
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Oil Prices Stabilize After Initial Surge on Reports of Mideast Tensions
Oil steadied on Friday after prices spiked earlier on reports that Israel had attacked Iran, as market fears of a major escalation to hostilities in the Mideast appeared to ease and a build-up of global oil stocks weighed. The benchmark contracts surged more than $3 before dipping back down. ...