Oil prices edged higher on Thursday after U.S. President Donald Trump stepped back from a threat to impose tariffs on Greenland, easing trade tensions with Europe.
Additional support for prices came from ongoing supply disruptions and a more optimistic outlook for global oil demand in 2026, according to market analysts.
Market data showed Brent crude rose 9 cents, or 0.14%, to $65.33 per barrel, while U.S. West Texas Intermediate (WTI) crude for March delivery gained 13 cents, or 0.21%, to $60.75 per barrel by 03:20 GMT.
The modest gains reflect improved sentiment in energy markets as geopolitical risks eased and expectations for future demand strengthened.
