With increasing instability in the Middle East, global oil supply risk is rising at a time when demand remains relatively strong. Historically, geopolitical disruptions in major producing regions have tightened supply and supported higher crude prices.
The U.S. appears well-positioned in this environment. Domestic production remains near record levels, and U.S. companies have become more efficient over the past decade. Additionally, shifting dynamics around Venezuelan oil sanctions could influence global supply flows depending on U.S. policy decisions.
Can oil keep climbing?