| Crude oil prices have been rising over the past few months and are now hovering above the triple-digit mark thanks to geopolitical tensions in the Middle East. A strained relation between the West and Russia for invading Ukraine as well as uncontrollable violence in Iraq have threatened global oil supply disruption.
This is because both the countries are rich in oil and gas resources and are the major suppliers of the commodity. Russia is the world’s largest producer of crude oil while Iraq is the seventh largest producer. The supply crunch in other oil producing countries added to further woes...............................................Full Article: Source
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