Oil Prices Climb Amid Firming Demand and Geopolitical Tensions

Energy markets react to stronger demand outlook and Middle East instability, with crude oil and other commodities seeing gains.

U.S. crude oil prices rose above $80 per barrel, continuing recent gains despite mixed economic data from China.
Brent crude futures also increased, supported by investor confidence in OPEC+ production decisions.
Retail sales in China exceeded expectations, boosting demand outlook, though industrial output lagged.
Middle East tensions, including the Israel-Hamas conflict, have added a risk premium to oil prices.
Gold, silver, and other commodities saw price increases, reflecting broader market movements.