WTI and Brent crude oil prices fluctuated slightly in recent trading, mainly due to the unresolved tensions in the Middle East. Israel and Iran continue to retaliate, causing concerns about the supply of crude oil in the region. In addition, the report of a decrease in US crude oil stocks is another factor supporting prices, but concerns about a slowdown in the global economy are also a pressure. Analysts expect oil prices to remain highly volatile until the conflict situation improves.
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