
Oil Prices Surge, OPEC Threatens Oversupply, and Trump’s Politics Cast a Shadow on the Market!
Welcome to the 2024 oil chaos! The price of American crude oil WTI has surged above $68 per barrel as investors try to balance short-term tensions with the risk of oversupply later this year. The International Energy Agency (IEA) predicts that summer travel and increased electricity production will boost demand, but it also warns of…