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Zenger
Zenger
Business
Bhavik Nair

Oil Prices On The Brink Of Surging As Debt Default Looms

Oil the White House Joe Biden Kevin McCarthy United States
A view of gas prices at a Mobile gas station, across the street from an ARCO station on Beach Blvd. in Huntington Beach Thursday, Feb. 16, 2023. Gas prices are on the brink of increasing as debt ceiling talks stall between Congress and the White House. ALLEN J. SCHABEN/BENZINGA

The prices of oil are on the brink of increase as the debt ceiling talks have stalled between Congress and the White House.

Oil is on track to register first weekly gains in over a month as market participants remain optimistic Congress will find a resolution to the impending debt limit impasse.

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