Geopolitical Concerns Have Oil Prices Back at October Levels
1. Oil prices hit their highest since fall, nearing $80 per barrel. 2. U.S. sanctions on Russia's oil industry may impact future demand. 3. Cold weather in parts of the U.S. could increase heating oil demand. 4. Geopolitical tensions remain key in influencing oil price movements. 5. S&P 500's energy sector was the only sector to gain recently.