Oil Prices Surge: Drones, Russia, and Strong US Data
Update: 2025-09-16
Description
Oil prices surge to a week-and-a-half high as Ukraine's drone strikes cripple Russian oil refineries and a weakening dollar fuels demand. Strong US economic data adds pressure amid tight global supplies and geopolitical tensions, leaving markets on edge despite OPEC's planned production increases. Will upcoming US inventory reports offer relief, or will prices remain elevated this fall?
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