Oil Nears Seven-Month High as Geopolitical and Trade Risks Lift Prices

Oil benchmarks advanced on Tuesday, approaching levels last seen roughly seven months ago as traders weighed rising U.S.–Iran tensions and uncertainty around U.S. trade policy. International benchmark Oil – Brent Crude edged higher to about $72 a barrel, while U.S. benchmark Oil – US Crude also gained, with geopolitical risk premia re-emerging in prices.

Over the past month, Oil – US Crude has climbed about 11.0%, and Oil – Brent Crude is up roughly 11.1%, reflecting a sustained uptrend supported by supply concerns and macro uncertainty. On a one-day basis, technical indicators point to a Buy signal for Oil – US Crude and a Buy signal for Oil – Brent Crude, suggesting bullish short-term momentum remains intact. Investors can explore more updates, prices, and analysis across global markets at Commodities.