On March 21, 2025, at 7:30 PM ET, an article reported that crude oil futures achieved a second consecutive weekly increase. This rise was attributed to favorable geopolitical developments, including U.S. military actions targeting Houthi rebels and Israeli airstrikes on Gaza. Additionally, the U.S. intensified efforts against Iranian oil by imposing sanctions on a refinery in China. The United States Oil Fund, LP ETF (USO) and other related entities were mentioned in relation to these market movements. The information was compiled by Carl Surran, an editor at Seeking Alpha.
Oil Prices Rise Amid Geopolitical Tensions and OPEC+ Production Cuts Plan
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