Oil Prices Surge Amid Global Tensions and Weak Dollar
Oil prices rose sharply on Monday as tensions between Ukraine and Russia escalated, sending crude oil surging 3.2% above $69 per barrel. The US greenlit Ukraine’s use of long-range missiles against Russian targets, amplifying fears of a wider conflict. Traders’ bullish bets on rising prices also contributed to the surge, with speculators selling short-term contracts … Read more