This week, oil markets displayed notable resilience, with prices climbing over 1% despite fluctuating geopolitical tensions.
On Tuesday, West Texas Intermediate (WTI) for June delivery surged by 1.78%, closing at $83.36 per barrel at the New York Mercantile Exchange.
Concurrently, Brent crude for July ascended by 1.53%, reaching $87.39 per barrel at the Intercontinental Exchange.
This upturn in prices marks a robust recovery from Monday's downturn, with analysts attributing the bounce back to seasonal factors that traditionally boost global demand.
Additionally, easing tensions in the Middle East earlier influenced a price dip, yet this effect. . .
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