David Lin: Oil Hits Highest Level Since October, What’s Next?

Crude oil prices have reached their highest levels since October 2024, sparking renewed debate about the factors driving the energy market and the potential for further increases. This week’s price jump has pushed both Brent and West Texas Intermediate (WTI) benchmarks to levels not seen in months, leaving consumers and businesses bracing for potential knock-on effects at the pump and beyond. Several factors appear to be contributing to the upward pressure, including a slight weakening of the US dollar, increasing demand from Asia, and ongoing geopolitical tensions in various oil-producing regions. To shed light on the current situation, David Lin…