Oil Prices Hit New Peaks: A Global Perspective

INSUBCONTINENT EXCLUSIVE:
Oil futures climbed to their highest since October on Monday, spurred by surprising industrial data from China and the US.This rise comes as
the market anticipates the next OPEC+ meeting on Wednesday.West Texas Intermediate (WTI) for May saw a 0.65% increase, reaching $83.71 a
barrel on the New York Mercantile Exchange
March from 49.1 in February, beating the forecast of 50.This hike indicates a bounceback in economic activity and industrial recovery, with
expectations for steady short-term growth.Oil Prices Hit New Peaks: A Global Perspective
(Photo Internet reproduction)The US industrial PMI also improved, marking an end to a one-and-a-half-year contraction, per the Institute for
Supply Management.Mizuho analysts highlighted Middle East tensions, noting a recent Israeli attack in Damascus
with ongoing supply constraints, oil prices are expected to maintain their upward trajectory.This dynamic scenario underscores the global
navigates supply-demand shifts, the journey of oil prices continues to unfold.