Geopolitical Tensions Drive Oil Higher Despite Record U.S. Output, Lifting Gasoline Costs

U.S. motorists are facing higher gasoline prices despite record crude production, as global benchmarks rally on heightened geopolitical risk in the Middle East. Futures linked to Oil – US Crude and Oil – Brent Crude have jumped sharply over the past three weeks, underscoring that domestic output cannot fully insulate local fuel markets from international supply concerns.

Over the past month, Oil – US Crude has climbed about 47%, while Oil – Brent Crude has advanced roughly 56%, with both screens currently flashing a short-term Buy and Buy signal, respectively. Natural Gas is up around 1.8% in the same period but shows a near-term Sell indication, highlighting a divergence between oil-driven gasoline dynamics and a softer gas outlook. Investors can explore more updates, prices, and analysis across global markets at Commodities.