Oil Prices Climb Amid Favorable Market Conditions and Supply Concerns Oil prices edged higher on Monday, supported by rising equity markets and a weaker US dollar. West Texas Intermediate crude hovered around $81 per barrel, recovering from Friday’s decline. The softer dollar made dollar-denominated commodities more attractive to investors. Despite recent fluctuations, crude remains on track for a monthly gain, driven by increasing gasoline demand in the US and robust air travel volumes. The market structure indicates tightening supply, while geopolitical risks in the Middle East continue to influence price movements. Analysts remain optimistic about the oil market, expecting a deficit in the third quarter to further tighten the balance. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts How & Where to Buy Silver Coins [2024 Buyers Guide] READ MORE A Special Invitation: Join Me at the Limitless Expo READ MORE Market Rebounds on Positive Jobless Data, Boosting Major Indexes READ MORE Economic Slowdown and Rising Inflation Cast Doubt on Soft-Landing Prospects READ MORE Retail Sales Edge Up 0.1% in May, Falling Short of Forecasts READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment