Global oil prices held steady on Sunday, staying near their recent highs after gaining more than 5% over the past week. The rise has been linked to growing geopolitical tensions in several conflict zones around the world.
According to an economic report, Brent crude settled at $71.76 per barrel, while West Texas Intermediate (WTI) was priced at $66.48 per barrel.
The report also said natural gas prices remained stable at $3.05. Markets are now watching closely for any new military or diplomatic developments that could affect global energy supplies.
For now, traders appear cautious, waiting to see how tensions unfold before making major moves.
