Oil markets saw volatility as tensions in the Middle East triggered a surge in prices, reflecting renewed worries over supply disruptions. The rally was short-lived, however, as expectations of additional crude releases from global reserves eased some pressure on traders. Analysts will be watching whether geopolitical risks persist or if stockpile announcements stabilize the market in the coming days. The shift highlights how quickly energy prices can react to both geopolitical developments and policy responses.
Oil prices rose on fresh concerns about Middle East supplies, before falling on the possible release of more reserves.
