U.S. Crude Oil Prices Hit $84, Highest Since April Amid Middle East Tensions, Hurricane Concerns

U.S. crude oil prices have risen to their highest levels since April, topping $82 per barrel ahead of the Fourth of July holiday. The increase in prices is driven by escalating tensions in the Middle East and concerns over the early start of the Atlantic hurricane season, particularly Hurricane Beryl. On Tuesday, WTI crude futures rose above $84 per barrel, representing a 13.5% increase from the recent $74 area. Crude traded up to $83.52. The market is closely watching whether these price levels will hold.