WTI crude oil prices remained stable below $69.50 as escalating tensions between Russia and Ukraine kept markets on edge. Investors are closely monitoring the conflict’s impact on energy supply chains, particularly with concerns over potential disruptions to oil exports. Despite the heightened geopolitical risk, a strong U.S. dollar and softer demand forecasts have capped any significant price movement.
Market analysts suggest that while the geopolitical situation could create short-term volatility, broader factors such as economic outlook and global energy consumption trends will ultimately dictate oil prices. As the standoff continues, traders are balancing immediate fears of supply disruptions with a cautious approach toward market fundamentals.
