Duringthe U.S. trading session on Friday (February 27), West Texas Intermediate (WTI) crude oil futures surged significantly. In the previous trading session, oil prices experienced sharp fluctuations, dropping to their lowest level since February 18 before rebounding strongly before the close. The uncertainty surrounding the outcome of Iran nuclear talks remains a key driver of oil price volatility, while Thursday’s decline was primarily driven by market concerns over an oversupply. As of 22:07 Beijing Time, the April WTI crude contract was trading at $67.67 per barrel, up $2.42, or 3.71%. Key considerations: supply disruptions or diplomatic resolutions? The central focus of the market now is the potential U.S. actions against Iran.

Source: news.futunn.com