Energy Analysis Report: February 24, 2026
Despite projections of an oil supply surplus and international financial uncertainty continuing to pressure the oil market downwards, barrel prices have been primarily influenced by a strong geopolitical risk premium, which has driven barrel prices up during the past week.
TL;DR
- Oil prices have risen due to a strong geopolitical risk premium.
- This rise has occurred despite projections of an oil supply surplus.
- International financial uncertainty is also pressuring the oil market downwards.