Oil prices hovered near two-week highs on Monday following 6% gains last week, as geopolitical tensions heightened between western powers and major oil producers Russia and Iran, raising risks of supply disruption.
Source: https://www.reuters.com/business/energy/oil-holds-2-week-high-russia-iran-tensions-support-prices-2024-11-25/
I'm not familiar with some of the terminology you used, but your explanations helped clarify things for me."
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