Overview

• Oil prices see marginal increases as Middle East tensions continue to pose potential supply disruptions.
• Uncertainty over U.S. interest rate cuts and their impact on fuel demand keeps oil market gains in check.
• Brent and WTI crude futures experience slight upticks, with traders closely monitoring the situation in the Middle East and awaiting key economic reports.
• OPEC and its allies, including Russia, to decide on extending production cuts in March, amid volatile market conditions.
• U.S. rejection of Moscow's ceasefire suggestion in Ukraine adds to geopolitical tensions, influencing oil markets.