Oil Prices Rise Amid Middle East Conflict and China Stimulus Measures

Concerns over supply disruptions in the Middle East and economic stimulus from China drive oil prices higher despite long-term demand uncertainty.

Oil prices have increased due to escalating conflict between Israel and Hezbollah in Lebanon, raising fears of broader regional instability.
China's central bank announced significant monetary stimulus to counteract economic slowdown, boosting oil demand expectations.
U.S. oil producers are evacuating staff from Gulf of Mexico platforms as a major hurricane approaches, further impacting supply.
OPEC's long-term outlook remains bullish on oil demand growth, though analysts and agencies like the IEA predict a peak by the end of the decade.
Despite recent price increases, oil markets face ongoing pressure from weak global demand and rising non-OPEC supply.