Crude oil prices rise amid geopolitical tensions
after close1 source ↓written by the desknot a recommendation
- to ₹5
- 2.31%
- in 2025 adds
- 13.61 million bpd
- due to stronger
- 3.84 million bpd
Crude oil prices increased by 2.31% to ₹5,223, driven by geopolitical tensions following the U.S. interception of an oil tanker near Venezuela and ongoing Russia–Ukraine conflict. These developments have raised concerns over potential supply disruptions, despite expectations of ample supply from the U.S. and OPEC+.
The U.S. Energy Information Administration's forecast for record production of 13.61 million bpd in 2025 adds to the supply overhang concerns, while the International Energy Agency anticipates a surplus next year, albeit slightly reduced to 3.84 million bpd due to stronger demand growth.
Not investment advice. For informational purposes only.