Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered focus. Peace Talks Collapse, Rebuilds Geopolitical Risk Premium Crude began the week trading cautiously, weighed down by hopes that a diplomatic breakthrough in the Ukraine-Russia conflict could…