Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices moved slightly higher as traders assessed the latest developments between Iran and Israel. Although both countries announced a halt to attacks after calls from U.S. President Donald Trump, concerns remain about the possibility of renewed conflict. Investors are also watching the Strait of Hormuz, global oil supply risks, and diplomatic efforts that could influence Brent crude and U.S. WTI crude futures in the coming days.

Oil prices declined Friday as traders perceived a reduced likelihood of renewed conflict between the US and Iran. Despite this, both Brent and WTI crude futures were poised for…

June 9 : Oil prices inched up in early trade on Tuesday after Iran and Israel left the door open to a possible resumption of attacks on each other, though they had called a halt…