The price of a barrel of oil is approaching $90, according to N12 business correspondent Yuval Shadmi, after having fallen below $80 earlier this week.
Oil prices are rebounding sharply, approaching $90 per barrel on Tuesday morning after dipping below $80 earlier this week, N12 business correspondent Yuval Shadmi reported.
The move marks another swing in a volatile period for global crude markets. Over the past two months, oil has traded in a wide range — from a spike above $100 per barrel in late July amid Middle East tensions, down to near $70 in late June following diplomatic developments. The Zioneer has previously reported on rapid fluctuations driven by geopolitical shocks, Strait of Hormuz disruptions, and shifts in US policy.
The current rise toward $90 represents a partial recovery of the risk premium that had faded in recent weeks. The driving factors behind this latest leg up remain unclear from the initial report, but the speed of the reversal underscores ongoing market sensitivity to regional and global signals.
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