Oil Prices Caught Between Supply Glut and Geopolitical Tensions, Say Analysts
Crude oil prices were poised for weekly gains on Friday, with West Texas Intermediate (WTI) trading near $59.50 per barrel. However, analysts caution that the short-term outlook remains highly uncertain as the market swings between bearish supply fundamentals and bullish geopolitical risks. Despite the latest rebound, oil has lost nearly 16% of its value year-to-date, … Read more