22 Oct 2025 | 3 Mins Read
Oil prices remain elevated due to supply concerns
Flipitmoney
Oil prices rose 18 cents to $61.50 and 21 cents to $57.45 on Wednesday due to supply risks from US-Russia tensions, US-China trade deal hopes, and a US plan to refill its strategic oil reserves. Supply disruption fears and low demand kept prices volatile, but hopes for a US-China trade deal and US strategic reserve replenishment sustained gains.