Why are oil prices up today, and will Brent futures and US WTI crude prices continue to rise or decline again? This question is drawing attention across global energy markets after oil prices climbed to their highest settlement levels in a week. Investors are closely following developments involving Iran, the United States, Israel, and the Strait of Hormuz. At the same time, reports of declining global oil inventories and expectations of strong summer fuel demand are influencing market sentiment. The combination of geopolitical uncertainty and tightening supplies has pushed Brent futures and US WTI crude prices higher, but questions remain about whether this trend can continue.
