Oil Prices Stabilize as Middle East Tensions and Global Outlook Weigh on Markets

Oil prices steadied after a volatile session as traders assessed geopolitical risks and the global market outlook. West Texas Intermediate (WTI) edged lower, hovering around $70 per barrel after fluctuating between gains and losses. The price drop was influenced by reports that Israel would avoid targeting oil facilities in its retaliation against Tehran. Despite renewed attacks in Beirut, traders' concerns over energy infrastructure have eased, driving negative sentiment. Meanwhile, Iran is working to contain an oil leak near its Kharg Island terminal. Analysts predict a potential global oil surplus by 2025, tempering near-term geopolitical risks. At the time of writing, attention remains on US stockpile reports, with last week’s inventory swelling by 5.81 million barrels.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com