Global oil markets are experiencing a renewed upward trend, with Brent crude—the benchmark for Algerian oil—surpassing 110 dollars per barrel, nearing its five-month high. Meanwhile, U.S. West Texas Intermediate (WTI) is hovering near the 100-dollar level. This recovery follows a recent period of decline. The price movement is driven by ongoing market concerns regarding global supply and demand stability. Data from the United States shows a drawdown of 4.9 million barrels in crude oil inventories for the week ending October 16. Despite OPEC+ increasing its production to 39.07 million barrels per day in September, the added output has failed to alleviate market anxieties. Factors such as rising shipping and insurance costs continue to exert upward pressure on prices.