Crude oil futures have stabilized this week amid cautious sentiment, ending with slight gains while traders weigh geopolitical developments, especially in the Middle East.
Diplomatic efforts may ease escalation fears impacting oil prices. The market remains near its lowest levels this year, susceptible to losses if geopolitical conditions improve.
Concerns about demand levels continue to affect market expectations. Traders are closely monitoring developments in China and its impact on crude demand amid slowing economic growth.
Signs of pro-growth policies from China could boost oil demand, providing support for crude prices, which remain sensitive to geopolitical tensions.
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