Reported 12 months ago
Oil prices are rising ahead of the summer driving season, fueled by geopolitical tensions in the Middle East. Andy Lipow from Lipow Oil Associates discusses concerns about potential escalations in the region and speculates on OPEC+ extending production cuts to keep prices stable. The market is also watching for developments in global geopolitical risks like the situation in Ukraine and China's economic growth. Overall, uncertainties in the Middle East pose the most significant impact on future crude oil prices.
Source: YAHOO