Reported 1 day ago
Crude oil and gasoline prices increased on Monday, supported by fears of declining Russian oil exports due to heightened Ukrainian attacks on Russian refineries, which have tightened global oil supplies. However, global economic reports indicating weaker demand have limited gains. The geopolitical tensions in Europe and the Middle East, along with potential sanctions against Russia, further support higher crude prices, despite OPEC+'s plans to gradually raise production, which may signal a future surplus.
Source: YAHOO