Over the past 24 to 48 hours, WTI crude oil prices have shown notable volatility, closing at $66.41 on February 23, marking a modest rebound from the previous day. Market sentiment has been driven by multiple factors, particularly President Trump’s renewed tariff threats and geopolitical tensions in the Middle East, stirring heightened market jitters.

The price action directly mirrors market reactions to the upcoming third round of U.S.-Iran nuclear talks, which have eased fears of conflict yet introduced demand uncertainty causing short-term price adjustments. Furthermore, Trump’s announcement of a 15% tariff increase amplified market fears, pressuring energy and equity markets, thus affecting crude prices.

For the average investor, this price movement can be viewed as a sensitive response to international political and economic signals, especially with concurrent issues of Middle East nuclear negotiations and US-China trade tensions. Crude’s price is clearly in a ‘news-driven’ mode. Investors should closely monitor forthcoming developments in trade policy and the nuclear talks, as these will likely continue to dictate oil price trends and influence overall market risk appetite.

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