Core Viewpoint - Oil prices have increased for a second consecutive day, driven by sanctions-related supply risks, optimism regarding a U.S.-China trade deal, and reports of the U.S. seeking oil for its strategic reserves [1] Group 1: Oil Prices - Oil prices are experiencing upward momentum due to various factors including sanctions-related supply risks [1] - The anticipation of a potential trade deal between the U.S. and China is contributing to the positive sentiment in the oil market [1] - The U.S. is actively seeking oil for delivery to its strategic reserves, which is further supporting the rise in oil prices [1]

Core Viewpoint - Oil prices remained stable as traders assessed the effects of ongoing geopolitical tensions in the Middle East and Russia, alongside concerns regarding trade tariffs that may negatively impact fuel demand [1] Group 1 - Ongoing geopolitical tensions in the Middle East and Russia are influencing oil market dynamics [1] - Concerns over trade tariffs persist, potentially dampening fuel demand [1]