Commodities: Oil Rebounds As Geopolitical Risks Linger

Oil prices rebounded as geopolitical risks, including tensions in the Middle East and the potential for supply disruptions, continue to support prices.

Oil prices have increased by around 20% year-to-date, reflecting the impact of geopolitical risks on the market.

Seafarers in the oil and gas industry may see increased demand for their services as a result of higher oil prices.