The Economic Times

Why are oil prices up today, and will US WTI, Brent crude futures continue to rise or fall again? Analysts insights, market outlook and investor guide

Why are oil prices up today, and will US WTI, Brent crude futures continue to rise or fall again? Oil prices rose after a drop in US fuel stocks and new tensions in the Strait of Hormuz. Reports of ship attacks and supply changes from Russia also supported the market. Analysts say supply risks, fuel demand, and geopolitical events will decide the next move. Investors are watching inventory data, sanctions policy, and shipping routes.