Oil Prices Rebound on Middle East Conflict Concerns

Escalating tensions and supply fears drive oil prices higher despite weak demand and recession worries.

Oil prices recovered from multi-month lows, with Brent crude rising to $77.90 per barrel and WTI to $74.68.
Investors are closely monitoring the potential for a retaliatory strike from Iran on Israel.
Global stock markets have shown signs of recovery, easing some recession fears.
U.S. crude oil inventories saw an unexpected increase, adding to market volatility.
Concerns remain over weak demand from China and potential supply disruptions from Libya.