WTI Crude oil prices have stabilized below USD 68 per barrel, influenced by geopolitical tensions, particularly an agreement between the U.S. and Russia to halt energy infrastructure attacks in Eastern Europe. This temporary stability could reverse with shifts in political dynamics. However, global economic concerns, exacerbated by U.S. tariffs on Canada, Mexico, and China, threaten demand and raise fears of a recession. The increase in crude oil stocks signals weaker demand, solidifying the cautious stance of traders amidst market volatility.
WTI Crude oil prices are constrained under USD 68 per barrel due to geopolitical tensions and economic concerns affecting global demand and market volatility.
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