On Wednesday, WTI crude futures climbed above $83 per barrel, rebounding from a recent pullback after reaching over two-month highs.
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On Tuesday, WTI crude futures climbed above $84 per barrel, marking their highest level since April.
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Crude oil prices have edged higher, influenced by a mix of geopolitical developments and market dynamics.
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On Tuesday, WTI crude futures declined below $81 per barrel, reversing a 1.1% gain from the previous session.
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Oil prices remained stable on Monday, with traders closely monitoring upcoming US inflation data for insights into potential interest rate adjustments.
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WTI crude futures approached $78 per barrel on Monday, retracting from last week's gains as investors weighed global demand prospects amid weakening US consumer sentiment and mixed Chinese economic data.
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On Wednesday, WTI crude futures surged by over 1.5% to surpass $79 per barrel, buoyed by a more optimistic global demand forecast.
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On Tuesday, WTI crude futures maintained their position near $78 per barrel, following a nearly 3% surge in the preceding session, supported by anticipations of increased fuel demand during the summer months.
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WTI crude futures steadied above $75.5 per barrel on Monday as caution dominated sentiment ahead of the latest Federal Reserve interest rate decision and a key US inflation reading this week.
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