As of Thursday’s close, light crude oil futures are trading slightly higher for the week at $62.27, up $0.40 or +0.65%. Despite the modest gain, market sentiment remains fragile as traders continue to prioritize fundamentals over geopolitics. Rising OPEC+ output, swelling U.S. inventories, and sluggish demand have kept a lid on upside momentum, even as tensions in the Middle East and Eastern Europe briefly supported prices. OPEC+ Production Hike Raises Oversupply Concerns Traders spent the week digesting the impact of OPEC+’s recent…
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