Oil Prices Stuck in Volatile Range, Rabobank Warns

Rabobank's commodities strategists are predicting that oil prices will remain in a volatile range, with no clear directional trend emerging in the near term. According to the bank, crude oil is likely to stay rangebound as the market weighs conflicting forces.

On one hand, geopolitical tensions and production cuts by major exporters provide price support, while on the other, concerns over global demand growth, especially from top importer China, cap upside potential.

The bank's outlook reflects a market that is searching for direction amid mixed signals. Traders are watching inventory data and OPEC+ policy meetings for clues.