Geopolitical factors are driving this upward trend.
According to Priyanka Sachdeva, Senior Market Analyst at Philip Nova, geopolitical factors are the main driver of oil prices at this stage. She emphasizes that the current bullish trend is primarily driven by investor sentiment and expectations of disruption risks, rather than a genuine shortage in global supply.
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Geopolitical factors are driving this upward trend.
According to Priyanka Sachdeva, Senior Market Analyst at Philip Nova, geopolitical factors are the main driver of oil prices at this stage. She emphasizes that the current bullish trend is primarily driven by investor sentiment and expectations of disruption risks, rather than a genuine shortage in global supply.