$ETH Trade of the Week: Oil Prices Surge on Middle East Tensions

This week’s top trade spotlight falls on crude oil, which experienced a significant price surge due to rising geopolitical tensions in the Middle East. Brent crude climbed above $88 per barrel, marking a near 3% increase within days. The rally was driven by fears of supply disruptions after escalating conflicts between major oil-producing nations in the region.

Traders rushed to safe-haven assets and energy stocks, with oil-related equities such as ExxonMobil and Chevron seeing notable gains. Meanwhile, airline and logistics companies faced pressure due to anticipated fuel cost increases.