Oil, brent crude
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In early 2025, oil prices crashed to nearly $60 a barrel but rebounded to $75 due to the recent conflict.
Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.
The strongest action was in the oil market, where the price of a barrel of benchmark ... the situation was not escalating and there was no impact on oil supply,” according to Richard Joswick ...