Rising geopolitical conflicts and global economic shifts drive crude oil prices to a five-month high, impacting worldwide markets.
PUBLISHED : 17 Apr 2024 at 10:50
Current crude oil prices are elevated due to conflicts in the Middle East, with ongoing tensions between Russia and Ukraine exacerbating the situation. Amidst the fragile global economic landscape, crude oil prices have declined in the first quarter of the year, whilst the OPEC+ group of producers continues to tightly control supply.
The ICE Brent crude oil price at the beginning of April…
