Oil prices have experienced notable volatility amid inventory changes and geopolitical concerns. On February 23, Brent crude surpassed $71 per barrel, while tensions between the U.S. and Iran significantly impacted the market. On February 25, the U.S. Department of Energy reported a large build in inventories, raising concerns about oversupply. Additionally, geopolitical tensions in the Middle East are supporting oil prices, with expectations of a potential increase in production from OPEC+.
