Why Are Crude Oil Prices Rising? | 365 Business

Crude oil prices are rising due to supply disruptions and geopolitical tensions. Conflicts in oil-producing regions, such as Russia's actions related to Ukraine and U.S. sanctions on Russian and Iranian oil, raise supply concerns. Canadian wildfires have also temporarily halted significant oil production. Meanwhile, investors are turning to oil and energy stocks as a hedge against inflation, driving up demand and prices, despite limited production increases from OPEC+.
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