Oil prices extended gains, settling above $72 a barrel as supply concerns, OPEC+ policy uncertainty, and a weaker U.S. dollar supported crude amid market volatility.
Natural gas prices surged up to 20%, reaching their highest in nearly a year, as forecasts predict below-average January temperatures across the U.S. East Coast, driving energy demand.
Kuwait’s crude oil price surged by $4.5 on Wednesday, reaching $75.40 per barrel, driven by concerns over Middle Eastern tensions and market uncertainty, according to Kuwait Petroleum Corporation.
