Brent oil surged nearly 2% to $69.46 while WTI jumped above $65, as Ukraine’s strikes crippled 17% of Russia’s refining capacity and Washington piled pressure on India’s crude imports. With OPEC+ set to meet this week and the Fed poised for a September rate cut, the stage is set for explosive moves in oil prices.
This isn’t just another market swing—it’s a rare alignment of geopolitics, supply shocks, and monetary policy that could drive Brent beyond $75 in the coming months.
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