Oil futures experienced volatility due to escalating tensions in the Middle East between Israel and Hezbollah, with concerns over supply disruptions driving prices higher.
Despite geopolitical risks supporting oil prices, the market remains cautious, as ongoing Middle East conflicts have not yet severely affected crude supply.
The Federal Reserve's recent interest rate cut may support long-term demand in the US, but fears of economic slowdown in major markets like China temper price gains.
Traders are closely monitoring ongoing Middle East developments, as well as upcoming US PMI data, which could influence market direction.
Collection
[
|
...
]