Brent Holds Steady as Ceasefire Deal Fizzles

Benchmark crude oil prices edged higher on Monday as traders weighed the potential for a ceasefire against escalation in the now five-week-old Middle East war. The conflict creates near-term upside risk to oil prices if fighting intensifies, while a ceasefire would likely relieve price pressure; monitor supply-disruption headlines and physical-market signals for positioning.

Analysis

Benchmark crude oil prices edged higher on Monday as traders weighed the potential for a ceasefire against escalation in the now five-week-old Middle East war. The conflict creates near-term upside risk to oil prices if fighting intensifies, while a ceasefire would likely relieve price pressure; monitor supply-disruption headlines and physical-market signals for positioning.