Oil Prices Surge Toward 7% Weekly Gain Amid Supply Constraints

Global oil markets are on track for a significant weekly rally, with prices climbing more than 7% as ongoing supply chain disruptions continue to rattle investors. The tightening market conditions have been further exacerbated by a sharp spike in U.S. diesel prices, which have officially surged to a new record high. These developments underscore growing concerns over energy availability, keeping upward pressure on crude benchmarks as the industry navigates persistent logistical challenges.