Oil futures edged higher in early Asian trade as traders eyed a possible technical rebound after overnight falls.
Analysts from ANZ Research cited growing optimism that a U.S.‑Iran agreement could soon end Middle East tensions, a development that might steady markets.
Front‑month WTI crude rose 1.2% to $96.18 per barrel, while Brent climbed 0.9% to $102.19. Volatility remains expected until clearer details emerge.
The uptick signals that geopolitical risk premiums are easing, but investors should monitor the deal’s progress before committing to long‑term positions.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing