Oil Prices Surge on Supply Uncertainty, Demand Optimism, and Geopolitical Risk

Oil prices continued to rally on Tuesday morning, with Brent breaking past $75 as another hurricane threatened production in the Gulf of Mexico, China implemented its stimulus measures, and Israel targeted Hezbollah with strikes in Lebanon. - Crude oil inventories in Cushing, Oklahoma, the delivery point for the NYMEX WTI future contract, have been unprecedentedly low recently, sitting near the lowest in a decade for this time of the year.- The launch of the Trans Mountain Expansion pipeline with a nameplate capacity of 590,000 b/d of…