Oil rebounded after retreating on Wednesday as traders assessed tensions in the Middle East, and the outlook for market balances heading into 2025.
Brent rose toward $76 a barrel, while West Texas Intermediate traded near $72. In the Middle East, US Secretary of State Antony Blinken held talks with Saudi Crown Prince Mohammed bin Salman in Riyadh about efforts to reach a cease-fire in Gaza and Lebanon. He had earlier traveled to Israel, which has vowed to strike back against Tehran for a missile attack earlier this month.
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