Oil Rises As U.S.-Iran Uncertainty Lingers

Core Viewpoint - Oil prices are rising due to ongoing uncertainty regarding U.S.-Iran negotiations, indicating that geopolitical factors are significantly influencing market dynamics [1]. Oil Market Summary - Brent crude oil increased by 1.1%, reaching $69.58 per barrel [1]. - West Texas Intermediate (WTI) crude oil rose by 0.8%, trading at $63.96 per barrel [1]. - Analysts from ING noted that geopolitical developments are the primary drivers of price movements in the oil market [1].