Commodities
Oil Prices Ease Amid Improved Supply Flows
Oil prices have pulled back from their highs on Friday, with Brent crude futures trading at $88 a barrel. The slight decline is largely attributed to improved supply flows through critical maritime routes.
Despite the short-term dip, oil prices are poised for a significant 20% rise for the month. This gain is driven by sustained global energy demand and persistent geopolitical uncertainty.
The Strait of Hormuz has seen steady activity despite ongoing regional tensions. The market continues to weigh geopolitical risks against physical supply data.