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Global OIL prices are still at elevated levels, and at times have remained above US$100 per barrel. The increase is being driven by geopolitical tensions in the Middle East and disruptions in the Strait of Hormuz, a key route for global oil shipments.
Could prices still rise?
•Short term: yes, there is still room to rise if supply disruptions continue or geopolitical tensions escalate.
•Long term: possible, but not certain. Some analysts see pressure from a potential supply surplus and weaker demand, which could also push prices lower if supply conditions improve.
Bottom line: in the short ter

TON Strong to $5