Oil Prices Fluctuate as Middle East Tensions and Interest Rate Uncertainty Persist

Oil markets remain volatile amid ongoing Middle East conflicts and speculation over U.S. interest rate movements, with slight gains observed in recent trading.

Oil prices see marginal increases as Middle East tensions continue to pose potential supply disruptions.
Uncertainty over U.S. interest rate cuts and their impact on fuel demand keeps oil market gains in check.
Brent and WTI crude futures experience slight upticks, with traders closely monitoring the situation in the Middle East and awaiting key economic reports.
OPEC and its allies, including Russia, to decide on extending production cuts in March, amid volatile market conditions.
U.S. rejection of Moscow's ceasefire suggestion in Ukraine adds to geopolitical tensions, influencing oil markets.