Short Term Demand Boosts Oil Market

Weekly Recap of Crude Oil Market The crude oil market experienced a volatile week, influenced by a mix of geopolitical events, economic indicators, and supply-demand factors. Despite some downward pressure, the overall trend remained bullish on the weekly chart. Middle East Developments The week began with oil prices retreating as potential ceasefire negotiations in Gaza eased Middle East tensions. This de-escalation lowered the geopolitical risk premium factored into oil prices, as the region's stability directly impacts global oil supply and…