Browsing: oil market

Oil prices have dropped sharply, falling below pre-Iran-Israel conflict levels. Market dynamics and easing geopolitical tensions have driven this unexpected decline, impacting global energy markets and economic forecasts.

Despite ongoing tensions between the US and Iran, oil prices have remained stable. Market resilience, diversified supply sources, and strategic reserves have helped buffer against potential disruptions.

Rising tensions in the Middle East threaten to disrupt global oil supplies, potentially driving up gas prices in San Diego. Experts warn that local consumers could see higher costs at the pump in the coming weeks.