Oil Prices Are Soaring Again – What’s Behind the Numbers?
Over the last week, Brent crude finally crossed the $90 mark while WTI slipped over $86. That’s the first time in nearly a year that these benchmarks have hit those heights.
What’s the secret sauce? A cocktail of regional drama and global tension…
Ukraine’s Drone Show – Even Zero Damage Can Stir Up Trouble
Ukraine’s latest drone hit a key Russian refinery. While the damage was relatively minor, the raid sent a clear signal: the energy game is still on fire.
Middle East: A Volatile Mix & Oil’s Mood‑Swings
Iran’s vow to hit back against Israel after a tragic attack on senior Iranian officers has only intensified the roller‑coaster feel of the region. The Middle East is where over half of world crude is cranked off, meaning jitters here ripple all the way to your tank.
OPEC+ – Holding Steady, Yet Crafty
At the last meeting, the group kept the supply policy steady and reminded producers to stay disciplined with the newly agreed cuts. This move aimed to keep the market from tipping over – but, truth be told, spikes still come the minute any new conflict pops up.
Short‑Term Outlook
With protests, attacks, and icy political standoffs on the horizon, oil prices will probably keep dancing on a tightrope for a while.
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