01.09.202507:39:40UTC+00Brent Prices Rebound

Brent crude oil futures climbed to $67.8 per barrel on Monday, recovering from previous declines due to concerns over potential supply disruptions linked to the ongoing Russia-Ukraine conflict. On Sunday, Ukrainian President Volodymyr Zelenskiy committed to intensifying strikes further into Russian territory following drone assaults on Ukraine’s power installations. This has heightened fears regarding possible further disruptions to regional energy flows. In the market, traders are also considering whether India will succumb to US pressure to halt its purchases of Russian oil, in light of secondary tariffs imposed by Washington on New Delhi last week. Despite these geopolitical tensions, the market is also confronting challenges from potential oversupply and diminishing demand prospects. Investors are keenly anticipating the upcoming OPEC+ meeting later this week, where discussions on accelerated output increases are likely to affect the global supply forecast. Although this additional supply has not yet made a significant impact on the United States, the world's largest fuel consumer, the conclusion of the summer driving season is already putting pressure on demand expectations.