Overview

• Oil prices recovered from multi-month lows, with Brent crude rising to $77.90 per barrel and WTI to $74.68.
• Investors are closely monitoring the potential for a retaliatory strike from Iran on Israel.
• Global stock markets have shown signs of recovery, easing some recession fears.
• U.S. crude oil inventories saw an unexpected increase, adding to market volatility.
• Concerns remain over weak demand from China and potential supply disruptions from Libya.