Oil prices are rising for the fourth day in a row as a result of continued tensions in the Middle East and robust U.S. demand.
Shipping giants such as Maersk have voiced concerns that the Red Sea shipping crisis may continue throughout 2024 – a worrying prospect for not just shippers, but for Western leaders in general.
Geopolitical upheaval is one of the reasons why JP Morgan sees a $10 upside for oil prices. The investment bank sees tightening supply and robust demand this Spring. A $10 jump in crude prices could be good news for North American oil companies
A OIL PRODUCER, page-43
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