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Dow Jones NewsMay 6, 12:10 AM UTC
DJ Oil Futures Edge Higher, Supported by Middle East Tensions -- Market Talk
0010 GMT - Oil futures edge higher in early Asian trade, supported by Middle East tensions. Israel's military on Monday conducted airstrikes against targets in Yemen, a day after the Houthi rebel group launched a ballistic missile that struck near Israel's main airport. "This escalation coincides with stalled U.S.-Iran nuclear negotiations," XS.com's Samer Hasn says in an email. "Any further escalation could threaten oil infrastructure across the region and disrupt global shipping routes on a broader scale," the senior market analyst adds. Front-month WTI crude oil futures are 0.1% higher at $57.20/bbl; front-month Brent crude oil futures edge 0.2% higher to $60.33/bbl. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
May 05, 2025 20:10 ET (00:10 GMT)
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