{"id":239826,"date":"2024-10-26T20:02:46","date_gmt":"2024-10-26T20:02:46","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/"},"modified":"2024-10-26T20:02:46","modified_gmt":"2024-10-26T20:02:46","slug":"oil-prices-continue-to-surge-amid-middle-east-concerns","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/","title":{"rendered":"Oil prices continue to surge amid Middle East concerns"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/942\/94207345.295.jpg\" alt=\"Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob\" title=\"Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob\" width=\"295\" height=\"165\" \/> <span class=\"image_caption\"><span>Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Oil prices stay on positive track on Friday, heading towards weekly gain as uncertainties in the global commodities market persist. <\/p>\n<p>This week, the crude oil complex has seen both positive and negative movement amidst China\u2019s weak demand outlook and increasing supply risks on account of Middle East conflicts.<\/p>\n<p>Brent crude rose to $74.31 per barrel while the US benchmark West Texas Intermediate surged to $70.35 per barrel. <\/p>\n<p>Israel\u2019s public broadcaster KAN claimed Wednesday that Israel is on the verge of attacking Iran, despite US pressure to ease the offensive.<\/p>\n<p>Oil traders are now waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early October that may involve hitting Tehran\u2019s oil infrastructure, although reports said Israel would only strike Iranian military targets.<\/p>\n<p>Meanwhile, traders continued to pare back geopolitical risk premiums amid the Gaza cease-fire talks following Qatar\u2019s announcement of hosting a new round of negotiations. <\/p>\n<p>\u2018Two US and Israeli delegations will visit Doha to discuss ways to make a breakthrough in the Gaza cease-fire negotiations,\u2019 Qatari Prime Minister Mohammed bin Abdelrahman Al Thani said on Thursday at a joint press conference with US Secretary of State Antony Blinken.<\/p>\n<p>Blinken, for his part, said Gaza cease-fire talks are expected to resume in the coming days. <\/p>\n<p>Israeli Prime Minister Benjamin Netanyahu approved the Israeli negotiating delegation that will travel to Qatar next Sunday to discuss the possibility of progressing Gaza negotiations.<\/p>\n<p>On the demand side, investors are eyeing more clarity on the oil demand outlook in the world\u2019s largest oil consumers, the US and China.<\/p>\n<p>Analysts say the geopolitical risk premium to oil will likely remain limited given the lack of material supply disruptions and broadly bearish sentiment amid fears of sluggish demand in China and a global supply surplus next year.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob Oil prices stay on positive track on Friday, heading towards weekly gain as uncertainties in the global commodities market persist. This week, the crude oil complex has seen both positive and negative movement amidst China\u2019s weak demand outlook and increasing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":237508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-239826","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices continue to surge amid Middle East concerns - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices continue to surge amid Middle East concerns - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob Oil prices stay on positive track on Friday, heading towards weekly gain as uncertainties in the global commodities market persist. This week, the crude oil complex has seen both positive and negative movement amidst China\u2019s weak demand outlook and increasing [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-26T20:02:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Oil prices continue to surge amid Middle East concerns\",\"datePublished\":\"2024-10-26T20:02:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/\"},\"wordCount\":322,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/94207345.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/\",\"name\":\"Oil prices continue to surge amid Middle East concerns - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/94207345.jpg\",\"datePublished\":\"2024-10-26T20:02:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/94207345.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/10\\\/94207345.jpg\",\"width\":600,\"height\":335},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/10\\\/26\\\/oil-prices-continue-to-surge-amid-middle-east-concerns\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices continue to surge amid Middle East concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil prices continue to surge amid Middle East concerns - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/","og_locale":"en_US","og_type":"article","og_title":"Oil prices continue to surge amid Middle East concerns - Ghanamma.com","og_description":"Oil traders are waiting for Israel\u2019s response to Iran\u2019s ballistic missile attack in early Octob Oil prices stay on positive track on Friday, heading towards weekly gain as uncertainties in the global commodities market persist. This week, the crude oil complex has seen both positive and negative movement amidst China\u2019s weak demand outlook and increasing [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/","og_site_name":"Ghanamma.com","article_published_time":"2024-10-26T20:02:46+00:00","og_image":[{"width":600,"height":335,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Oil prices continue to surge amid Middle East concerns","datePublished":"2024-10-26T20:02:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/"},"wordCount":322,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/","url":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/","name":"Oil prices continue to surge amid Middle East concerns - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg","datePublished":"2024-10-26T20:02:46+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/10\/94207345.jpg","width":600,"height":335},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/10\/26\/oil-prices-continue-to-surge-amid-middle-east-concerns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Oil prices continue to surge amid Middle East concerns"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/239826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=239826"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/239826\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/237508"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=239826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=239826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=239826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}