Reported about 14 hours ago
Oil prices are experiencing a rally, attributed to sanctions on Russian and Iranian crude and short covering, according to GasBuddy's Patrick De Haan. Despite this surge, he predicts that prices will likely not exceed the $85-90 range, especially with OPEC's significant spare capacity. Factors such as President-elect Trump's policies and seasonal temperature changes may influence volatility and future price adjustments.
Source: YAHOO