Following the Israel’s surprise military attack on Iran has shocked the stock market and put fresh attention on crude oil production.
Whether Saudi led OPEC+ increased the oil production to help United State’s interest in the region.
Earlier this year OPEC+ increased the the Crude oil production while its price was falling.
Market Experts are divided over the reasons that was it under US pressure Or there is any other independent reasons.
Shaky future ahead
#USOIL As Crude oil gets bullish, its likely that we'll see an escalation of war tonight, 16/17 June
— Mohak Ailani (@mohak_ailani) June 16, 2025
Maybe oil depots get hit, maybe shipping lanes get stopped. pic.twitter.com/3wgND0cfEr
People with little to no exposure to crude oil are watching crude oil prices diligently.