Oil prices have rebounded from earlier losses as traders remain cautious about escalating tensions in the Middle East, particularly between the U.S. and Iran.
The WTI crude oil is trading below resistance near $85.50-$86.00, with potential to rise toward $90.50 if it breaks higher.
Brent oil is trying to settle above $88.00, influenced mainly by geopolitical risks around the Strait of Hormuz.
More on Commodities
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