Oil Prices Rise Amid Geopolitical Tensions

Oil prices ticked up today, with Brent crude futures nearing sixty dollars and U.S. West Texas Intermediate crude at nearly fifty-seven. This rise is due to global uncertainties, including the Russia-Ukraine conflict and U.S. actions against Venezuela. Traders await clarity on peace talks and potential U.S. military action against Venezuela. Meanwhile, Ukraines attack on a Russian oil tanker and U.S. sanctions on Venezuelan officials escalate tensions. The Permian Basins active oil rig count dropped, potentially signaling lower future U.S. oil production.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.