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Oil’s 2025 Surge: Echoes of 1973 or the Calm Before the Storm?
In 1973, the oil embargo caught the world by surprise. Drivers faced long lines at gas stations and panic spread. The events showed how fast oil markets can flip from calm to crisis. Fast-forward to 2025, and many fear history could repeat itself. This time, the stakes are even higher. Investors are watching every tick in oil prices, eager to know if this year’s surge will last—or if we’re on the brink of something bigger. The Early Spike: Can It Last? At the start of January, oil soared. U.S. WTI crossed $74 per barrel, and Brent crude neared $76.55. That’s the highest since October 2024. Two triggers lit ... (full story)
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- Posted: Jan 10, 2025 12:40pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 91
