Oil prices hold steady amid heightened geopolitical sanctions tensions

Oil steadied near $60 as traders balanced sanctions risk and stable supply, while gold rose above $4,000 on renewed safe-haven demand.

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Oil prices hold steady amid heightened geopolitical sanctions tensions

WTI crude traded around $60.25 per barrel after volatile sessions driven by renewed U.S. sanctions and shifting global supply expectations. Brent crude stabilized, while gold advanced above $4,000 per ounce on safe-haven demand following the Fed’s rate decision. Commodity analysts said steady oil reflects market caution and balanced supply-demand conditions. Broader sentiment remains sensitive to policy announcements and Middle East developments. Traders anticipate near-term consolidation before further direction from OPEC and U.S. inventory data later this week.
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  • WTI
  • crude oil