As the world grapples with economic recovery and shifting energy dynamics, the price of crude oil has surged to new heights, with West Texas Intermediate (WTI) and Brent crude hovering around the $80 per barrel mark.
The question on the minds of investors, policymakers, and consumers alike is: Is $80 oil here to stay?
What’s driving oil higher?
Despite positive geopolitical developments in the Middle East with the ceasefire between Israel and Hamas, traders remain focused on tightening supply fundamentals.
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