Oil Prices Fluctuate Amid Israel-Hamas Ceasefire Talks and U.S. Economic Concerns

As ceasefire negotiations progress, oil markets react to geopolitical developments and anticipated U.S. Federal Reserve decisions.

Oil prices experienced mixed movements on Tuesday, with some benchmarks slightly up while others declined due to ongoing Israel-Hamas ceasefire talks and U.S. economic policy reviews.
Israeli Prime Minister Benjamin Netanyahu remains firm on attacking Rafah regardless of ceasefire outcomes, influencing market uncertainties.
U.S. crude production saw a significant increase in February, adding to the factors influencing oil price trends.
Investors are closely monitoring the U.S. Federal Reserve's upcoming policy review, with expectations of continued high interest rates affecting market sentiment.
Geopolitical risks, including continued attacks by Yemen's Houthis on maritime traffic, contribute to maintaining a floor under oil prices.