🛢️ Oil Prices Rise on Strong U.S. Data & Geopolitical Tensions 📈

Global crude markets extended gains as Brent crude traded near $62.55/bbl and WTI around $58.58/bbl.

📊 Key Drivers:

Robust U.S. growth data lifted energy demand outlook.

Venezuela-related sanctions and broader geopolitical tensions added supply pressure.

Light holiday trading magnified price swings, keeping volatility elevated.

💡 Oil remains supported by fundamentals — but thin year-end liquidity may trigger sharp short-term moves.

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