On Monday, Brent crude oil futures rose to over $85 per barrel, not far from their recent two-month high.
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Oil prices have faced upward constraints due to increasing demand concerns, following an unexpected report from the United States Energy Information Administration (EIA).
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On Monday, WTI crude futures hovered around $77 per barrel, facing uncertainty after OPEC+ members agreed over the weekend to extend their joint output cuts until 2025.
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On Friday, WTI crude futures fell to around $77.5 per barrel, marking their third straight loss due to ongoing demand uncertainties.
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WTI crude futures dipped below $77 per barrel on Friday, marking a three-month low and enduring a weekly decline of over 3% amidst concerns over demand and increasing US stockpiles.
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On Wednesday, WTI crude futures dipped to approximately $78 per barrel, marking the third consecutive session of declines.
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On Monday, Brent crude futures remained just below the $84 per barrel mark, following initial gains driven by ongoing geopolitical tensions in the Middle East.
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On Friday, WTI crude futures strengthened beyond $79 per barrel, poised to conclude the week with upward momentum.
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US crude oil prices failed to maintain their early gains in Europe on Wednesday, but the recent range in the market remained intact.
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