Over the past 24 to 48 hours, WTI crude oil prices experienced significant volatility, starting from the February 6 closing price of $63.55 and moving back up near $64. The market was primarily driven by geopolitical tensions, notably concerns about a potential conflict between the US and Iran. This led to initial declines followed by a rebound in oil prices. Recent market news reveals that the US and Iran agreed to hold talks in Oman, temporarily easing fears of military conflict, causing price oscillations on February 5 and 6.

This geopolitical uncertainty directly triggered the price swings, as any conflict could disrupt crude oil supply from the Middle East, creating supply-demand imbalances. For investors, it was a balancing act between fear of conflict driving prices higher and cautious optimism from diplomatic talks easing tensions, impacting buying and selling decisions. For the average investor, it’s like climbing a cliff, constantly watching for changes in the wind to avoid falling while seeking safe entry points.

Furthermore, reports indicate that US crude inventories continue to fall, providing support to market supply expectations. Coupled with steady demand performance, this rebound signals cautious optimism about the oil market outlook in early 2026.

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