Crude oil prices increased due to growing geopolitical tensions in the Middle East, raising concerns about potential supply disruptions.

Recent drop in gasoline prices poses challenges for certain political campaigns focusing on energy costs.

OPEC+ production cuts may not be enough to prevent an oil surplus in 2025, with prices potentially falling towards $60 per barrel.

Goldman Sachs analysts suggest that AI's impact on oil supply could outweigh increased demand, potentially leading to lower oil prices in the coming decade.