WTI Flattens Near $91 Despite Fragile Israel-Lebanon Ceasefire
WTI crude oil trades flat around $91.00 during early European trade on Friday, as a US-brokered ceasefire between Israel and Lebanon remains fragile due to continued attacks.
WTI
West Texas Intermediate (WTI) crude oil futures on NYMEX are holding steady near $91.00 during the early European session on Friday. The price consolidation comes despite ongoing uncertainty around the US-brokered ceasefire between Israel and Lebanon, which is proving fragile amid persistent attacks.
Traders are weighing the impact of geopolitical tensions against supply-demand fundamentals. The ceasefire, while initially welcomed, has not reduced the risk premium in oil markets as violations continue to be reported.
Source: FXStreet Forex News