Geopolitical Tensions Impact Oil Prices and Equities
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Crude oil prices rose in early Asian trading on Monday as escalating conflicts in the Middle East and between Russia and Ukraine heightened concerns over tighter global supply. Both Brent crude futures and U.S. crude futures saw minimal changes last week, reflecting the market's uncertainty. The rising geopolitical tension, attacks on energy facilities in Russia and Ukraine, and fading hopes for a ceasefire in the Middle East have all contributed to worries about global oil supply. Additionally, the falling U.S. rig count has increased concerns about tighter supply. Russia recently launched a significant attack on Ukraine's western region of Lviv, while Israeli forces besieged two more hospitals in Gaza. These events have further intensified the conflicts in the respective regions. Meanwhi...
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