Over the past 24 to 48 hours, WTI crude oil prices have shown notable volatility. After closing at $65.18 per barrel on February 18, the market has been swayed by multiple geopolitical risks and fundamental economic factors, causing continued price fluctuations. In particular, rising US-Iran tensions triggered a swift spike in oil prices, which then hovered around the $65 level. Although prices failed to break the $70 barrier, they stayed elevated, underscoring market sensitivity to potential supply disruptions.

Market news highlights that increased geopolitical risks have lifted gold, silver, and oil prices simultaneously, while Bitcoin faced downward pressure as investors moved into traditional safe-haven assets. Despite some progress in US-Iran nuclear talks, concerns about a possible prolonged conflict have injected short-term uncertainty into oil demand expectations, keeping WTI prices in a fluctuating state.

For the average investor, this illustrates the current high instability in the energy market. Political developments can swiftly shift crude prices while making the energy sector an attractive focus for risk-on investors. Therefore, monitoring the evolving geopolitical landscape is crucial for navigating oil price trends, especially amid an ongoing global energy supply-demand imbalance.

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