Oil prices are approaching the $110 threshold, with analysts warning that a breakout could push them toward $150.
Brent crude oil rose more than 2.4% on Monday, hitting a session high of $107.25 per barrel, as escalating geopolitical risks drove oil prices higher. Russia launched fresh attacks on Ukraine’s energy facilities, while attacks on merchant ships near Oman and around the Strait of Hormuz amplified market concerns over disruptions to oil shipments. Technical analyst The Great Martis previously noted that Brent crude’s daily chart showed a bullish inverse head-and-shoulders pattern, and if it sustai
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