Episode Details

Oil prices eased slightly on Monday, following hopes for a Middle East ceasefire, but remained volatile due to ongoing geopolitical risks. Brent crude futures dropped 0.5% to $86.52, while WTI fell 0.5% to $82.77. Despite Irans warning, analysts note high regional tensions could still cause supply concerns. Last weeks price surge, driven by OPEC+ cuts and conflict fears, was offset by US energy companies reducing operating oil rigs.

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