US Seizes Tanker, Oil Prices Rise, But Why Remain Depressed?
Oil prices continued their rally after the United States seized a sanctioned tanker off the coast of Venezuela, sparking concerns about supply disruptions and escalating geopolitical tensions. WTI for January delivery rose about 0.6% to around $58.79 per barrel in Asia, while Brent for February held above $62.21 per barrel. The seizure of this super-large…
