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Commodity · ▲ Bullish · 11 sources confirmed · 2026-09-29 01:30 UTC

Oil extends gains as Middle East supply concerns persist

Why now

Thesis: Oil extends gains on supply worry

Catalyst to watch: Iran deal headlines, US midterms

Main risk: Supply fears fade, crude reverses

Why it matters

Middle East supply concerns keep crude bid, supporting energy equities and adding to inflation pressure.

Related assets & topics

OilEnergy

Sources

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