Oil
prices are rising on Thursday and may continue to increase due to escalating
geopolitical tensions and the upcoming significant monthly report from OPEC.
On
the geopolitical front, US intelligence predicts increased attacks from Iran on
Israeli or US assets in the Middle East following Israeli attacks in Damascus.
Additionally, Iranian-backed Houthi rebels in Yemen are once again targeting
ships in the Gulf of Aden and have launched an attack on a US destroyer.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.
