The Economic Times

Why are oil and European gas prices up again, and will Brent crude futures and U.S. West Texas Intermediate continue to rise or fall soon? Analysts insights and market outlook

Why are oil and European gas prices up again, and will Brent crude futures and U.S. West Texas Intermediate continue to rise or fall soon? Prices rose as Middle East conflict disrupted supply, halted shipping, and damaged infrastructure. Analysts warn supply losses, Strait of Hormuz risks, and LNG disruptions may keep prices volatile in the near term.