Oil Prices Fluctuate Amid Middle East Tensions and Market Fundamentals

Despite initial spikes due to geopolitical risks, oil prices have moderated as market fundamentals and inflation concerns take precedence.

Oil prices initially surged on geopolitical tensions between Israel and Iran but have since moderated due to easing fears of escalation.
U.S. and Brent crude futures experienced fluctuations, reflecting the transient impact of Middle East tensions on global oil markets.
Analysts highlight that without actual supply disruptions, geopolitical risk premiums are unlikely to sustain long-term price increases.
Investor focus shifts back to market fundamentals, with upcoming U.S. economic data and inflation concerns likely influencing oil prices.
The market remains cautious, with potential volatility due to ongoing geopolitical risks and adjustments in global oil supply dynamics.