Oil prices remained stable in global markets on Sunday, ending the week near their recent highs as investors continued to monitor political and security developments across the region.
Brent crude futures settled at $97.81 per barrel, while U.S. West Texas Intermediate (WTI) crude closed at $93.97 per barrel.
Oil prices have seen significant fluctuations in recent weeks as markets react to ongoing concerns about regional tensions and their potential impact on energy supplies.
Traders are also closely watching the safety of shipping routes and the movement of oil tankers through key waterways that play a critical role in global energy exports. Any disruption to these routes could affect oil supplies and push prices higher.
At the same time, uncertainty remains over whether a broader easing of tensions can be achieved in the region. As a result, investors continue to approach the market cautiously while keeping a close eye on political and security developments.
Despite the volatility, oil prices managed to hold onto the gains made earlier in the week, reflecting continued concerns about supply risks and the overall stability of global energy markets.
