The quote of oil has rebounded this Friday in response to the information that Iran prepares attack on Israel from Iraqi territory in the coming days, probably before the US presidential elections on November 5. According to 'Axios', citing two unidentified Israeli sources, Israeli intelligence suspects that Iran is preparing an attack on Israel. with drones and ballistic missiles which would be carried out from Iraq, with Tehran's objective of preventing another Israeli attack against its territory. It must be remembered that at the end of October the Israeli Army attacked Iran again, launching three direct aerial bombardments against the Persian country, in retaliation for the previous attack carried out by the Tehran regime in early October, which included the launch of some 180 ballistic missiles. Just one day later, Iran assured that its priority was to achieve a ceasefire in Gaza and Lebanon. This Friday, oil prices have extended gains. The barrel of Brenta reference in Europe, has risen 0.41%, up to $73.10while US crude WTI has advanced 0.38%, up to $69.51. Furthermore, the price of oil has also been boosted this day by expectations that the OPEC+ could delay the planned increase in oil production in December by a month or more, according to reports from 'Reuters'. However, despite this rebound, crude oil is on track to record a weekly drop of more than 1%. According to Fadi Al Kurdi, founder and CEO of FFA Kings, «volatility may persist due to upcoming events, such as the US elections and possible fiscal measures from China.» «On the demand side, signs of strengthening are emerging, as United States gasoline inventories have hit a two-year low amid rising demand, and the manufacturing activity in China has shown growth, reflecting the impact of recent stimulus measures,» adds this expert. «This context suggests a cautiously bullish near-term outlook for crude oil prices, as improvements in demand and ongoing geopolitical risks may support upward pressure, despite potential short-term fluctuations,» concludes Fadi Al Kurdi.