Oil prices set for fourth straight monthly gains as tanker attack highlights supply risks
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Oil prices are expected to see their fourth consecutive monthly increase. This trend comes as a tanker attack draws attention to potential supply risks. Dennis Kissler of BOK Financial noted that traders are monitoring oil flows from the Middle East. There is also a focus on potential escalations by the US and its allied forces.
"Traders will remain focused on oil flows out of the Middle East and the likely escalation by US and allied forces," said Dennis Kissler, senior vice president of trading at BOK Financial.