Oil prices rebounded on Monday, offsetting part of last week's significant decline. The key driver for this increase was market anxiety over potential supply disruptions, fueled by escalating tensions between Washington and Caracas. These concerns temporarily overshadowed ongoing market fears regarding a global supply glut and the potential effects of a peace agreement between Russia and Ukraine.
Oil prices rose on Monday, partially recovering from last week's 4% drop, as concerns over potential supply disruptions due to escalating tensions between the United States and Venezuela outweighed persistent fears of a supply glut and the potential impact of a possible peace deal between Russia and Ukraine.
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