Over the past 24 to 48 hours, WTI Crude Oil has experienced volatile but upward price movement, closing yesterday at $64.42. The market remains cautious amid ongoing concerns over US-Iran geopolitical tensions, which have continued to support oil prices. Although both parties agreed to hold indirect talks in Oman, reducing the immediate threat of military conflict, the uncertainty keeps the price elevated.

Meanwhile, data from NYMEX shows gasoline and crude futures trading higher, reflecting solid demand, while distillate futures slightly declined. India’s decision to reduce purchases of Russian oil provides a price floor. Even though geopolitical risks have somewhat eased, supply concerns persist, keeping WTI crude trading within a range near $63 to $65 per barrel.

For everyday investors, the recent WTI price action can be seen as balancing a complex scale: On one side, US-Iran talks offer some relief, preventing sharp drops; on the other, ongoing supply risks and sustained demand growth keep prices steady or pushing slightly higher. Investors should closely monitor international political developments and supply-demand shifts to manage risk effectively in this environment.

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