Crude Oil Prices Surge As US Revises GDP, Iran Output Drops

Oil prices rose early Friday as a result of Iran’s planned production cut report, which came at the same time that Libya declared force majeure, limiting exports. The development has raised supply concerns in the global commodities market, increasing the risk of rising energy costs as countries battle inflation. Demand outlook appears positive as U.S. … Continue reading Crude Oil Prices Surge As US Revises GDP, Iran Output Drops