Oil lifted after U.S. approves Ukraine use of long-range missiles inside Russia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
0mins
Should l Buy ?
Source: MarketWatch
Oil Futures Rise: Oil futures increased on Monday, aiming for their highest closing price in over a week due to geopolitical tensions following President Biden's decision to allow Ukraine to use U.S.-supplied long-range missiles against Russia.
Military Developments: The missile decision coincides with the deployment of North Korean troops to assist Russia along Ukraine's northern border, indicating escalating military involvement in the region.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
