Geopolitical tensions drive crude oil prices near record highs
after close1 source ↓written by the desknot a recommendation
- May delivery rising
- ₹91
- per barrel
- ₹9,284
Crude oil prices surged on Monday, with May delivery rising ₹91 to ₹9,284 per barrel amid escalating geopolitical tensions. Concerns over US-Iran relations and potential military action in the Strait of Hormuz have heightened fears of supply disruptions. Despite OPEC+'s plans to increase output, ongoing conflicts threaten additional supply, tightening market conditions. 📈
Not investment advice. For informational purposes only.