Oil Prices Tick Higher as Markets Balance Geopolitics and Demand

Oil prices made a modest recovery as June closed and July began, giving investors something to watch after weeks of sharp ups and downs. West Texas Intermediate (WTI) crude rose by $1.68, or about 2.5%, to end at $67.20 per barrel, reflecting a market that shifted from bearish to cautiously optimistic. Middle East Tensions Ease, but Risks Remain One of the main reasons for the recent swings in oil prices was the tension between Israel and Iran. In June, Israel launched air strikes on Iranian nuclear sites, a rare move that raised concerns about…