Oil Map Middle East – Oil futures finished higher on Thursday as traders weighed the outlook for demand, as well as risks to supply caused by strife in the Middle East. . Oil prices rose on Friday as geopolitical tensions and oil output disruptions in the U.S., the world’s biggest producer, caused by cold weather overshadowed concerns about slow Chinese demand growth .
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Oil Map Middle East Middle East oil and gas. | Library of Congress: “As the Middle East conflict is currently not affecting oil production, the geopolitical risk premium priced in oil prices now appears modest based on the implied volatility of options,” Goldman Sachs . 0848 GMT – Oil prices rise on mounting concerns over global supply as tensions in the Middle East continue to grow. Brent crude is up 0.9% at $78.98 a barrel, while WTI is 1.2% higher at $73.57 .