Oil Markets on Edge as Geopolitical Risk Counters Weak Fundamentals

Light Crude Oil Futures (WTI) ended Thursday at $59.67, up $1.12 on the week, a 1.91% advance that unfolded within a range of $58.28 to $60.02. The narrow climb masked a week defined by sharp swings as traders weighed expanding geopolitical risk against persistently weak fundamentals. With supply threats intensifying and demand signals softening, positioning skewed defensive and liquidity thinned on approaches toward the $60 handle. Geopolitical Risk Premium Drives Oil Prices Escalating strikes on Russian infrastructure remained the central catalyst…