"Oil Prices Surge Amid Strong U.S. Fuel Demand and Driving Season"

Crude oil prices rose due to stronger-than-expected fuel demand in the U.S., driven by increased air travel and real-time mobility data. Brent crude reached over $83 per barrel, while West Texas Intermediate neared $79 per barrel. Analysts attribute the rally to OPEC+ production cuts, potential U.S. interest rate cuts, and geopolitical tensions in the Middle East. The extension of OPEC+ cuts is expected to continue, with traders closely monitoring the U.S. driving season.