Oil Prices Surge as Demand Outpaces Supply and Geopolitical Risks Loom
Oil prices have been on a bullish trend since the start of the year, reaching their highest levels since 2014. The main drivers behind the rally are the strong recovery in global oil demand, the tight supply from OPEC+ and other producers, and the rising geopolitical tensions in the Middle East and elsewhere. In this article, we will examine the factors that are influencing the oil market and the outlook…
