Oil prices showed mixed performance on Monday as escalating Middle East tensions clashed with concerns over global demand. Brent crude edged up by 0.2%, trading at $80.45 per barrel, while WTI futures dipped by 0.1%, settling at $75.30 per barrel. The fragile balance reflects market uncertainty, with geopolitical risks driving bullish sentiment against a backdrop of weakening economic signals.
Rising Mideast tensions continue to heighten fears of supply disruptions, especially after reports of intensified conflicts in key oil-producing regions. However, global demand concerns, fueled by slower-than-expected economic growth in China and the Eurozone, tempered gains. Analysts suggest that the standoff between supply worries and demand challenges will likely dictate short-term price movements.
