From Investing.com: 2024-11-22 10:14:00

Oil markets are volatile due to rising geo-political risks and a strong dollar, sparking concerns of escalating tensions as President Biden prepares to leave office. The Russian-Ukraine War worsened after Biden allowed Ukraine to use US missiles inside Russian territory, complicating ceasefire talks. Putin holds a meeting amidst threats against the UK, while Iran plans to increase nuclear fuel-making capacity. Cold weather boosts oil market, with forecasts of a very cold December. Europe faces energy crisis, with IEA raising alarms about falling natural gas supply. US sees larger-than-expected gas withdrawal.



Read more at Investing.com: The Energy Report: New Missiles More Bloodshed