Oil prices rose slightly on Wednesday, after a previous session marked by losses, as markets assessed the consequences of the evolving conflict in Iran and the uncertainties surrounding the reopening of the strategic Strait of Hormuz.
Brent crude from the North Sea rose 0,6%, or 47 cents, to $79,43 a barrel. West Texas Intermediate (WTI) crude also advanced, reaching $76,53 a barrel, continuing a stabilization trend after several recent fluctuations.
Investors remain attentive to the geopolitical situation in the Middle East, particularly whether the end of the war in Iran will lead to a return to normal energy flows in the region. The Strait of Hormuz, a crucial maritime passage for global oil transport, remains a central concern.
According to several analysts, the market could remain in a zone of contained volatility. WTI is expected to trade within a range of approximately $10 around the $80 per barrel mark, reflecting persistent uncertainties regarding global supply and demand.
Investors are also monitoring US inventory data, which recently showed a sharp decline in crude oil reserves, a traditionally bullish factor for energy prices.
In this context, oil markets are fluctuating between geopolitical concerns and signals of supply rebalancing, while operators await clearer indications of the region's long-term stability and the evolution of trade flows via the main shipping routes.
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