The Crude Oil market has witnessed a significant surge in prices over the past month and continued its upward rally during the second week of October xxxx, driven by a geopolitical and monetary factor. The intensifying conflict in the Middle East, coupled with increased demand from China and accommodative monetary policies, has led to higher Crude Oil prices.
The Crude Oil market showcased another weekly increase in prices with Brent settling at USD xx.xx/barrel a hike of x.xx while WTI at USD xx.xx/barrel at an increasing rate of x.xx during the second week of October xxxx, supported by the Middle East war and worries about possible supply interruptions.
The conflict between Israel and Hezbollah in the Middle East has raised fears of a potential full-scale regional war, which could disrupt oil supply routes and maritime trade. This geopolitical uncertainty has introduced a risk premium into...
