WTI and Brent crude oil prices were stable in the latest trading session, with WTI at around $65 per barrel amid concerns over the tensions in the Middle East, which remains a major risk factor for global crude oil supplies. Reports of attacks on some oil tankers in key straits have also raised concerns in the market. In addition, increased demand for oil during the Northern Hemisphere summer, the main tourist season, is another factor supporting oil prices. Analysts expect oil prices to remain volatile, depending on geopolitical developments in the Middle East and the decision on production capacity by the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
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