Crude Oil Prices Surge on Iran, Russia, and Venezuela Supply Risks
Crude oil prices rose as worries over potential disruptions in oil supply from Iran, Russia, and Venezuela intensified. Iran faced civil unrest and protests, while Russia's actions in Ukraine raised concerns.
Venezuela's President Maduro's capture added to market uncertainties. The OPEC's reduced oil output and global oversupply also influenced the market.
Analysts like Phil Flynn and Ol Hansen highlighted the impact of geopolitical risks on oil prices. Additionally, US President Donald Trump's demands on Venezuela further contributed to market volatility.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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