Source: Reuters (via feed)
Oil prices stayed close to a near seven-month high on Tuesday while investors monitored U.S.-Iran nuclear talks. Tensions in the Middle East remained elevated, contributing to cautious market sentiment. Meanwhile, uncertainty around U.S. trade policy added to market volatility. Traders assessed how these geopolitical and economic factors could influence oil supply and demand. Despite strong oil prices earlier, markets showed restraint as expectations for progress in diplomacy persisted. Some investors awaited clearer signals on trade policy before making further moves. The near-term outlook for oil depends on developments in the diplomatic and trade arenas. Market participants remain alert to news from these fronts, as they weigh potential impacts on global energy markets.
Oil price movements reflect the interplay of geopolitical tensions and global trade uncertainty, which influence supply expectations and market stability.
