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Oil prices continued to decline for a second consecutive day as investors reacted to the possibility of renewed negotiations between the United States and Iran. The expectation that tensions may ease has reduced concerns about supply disruptions in the Middle East, particularly around the Strait of Hormuz, a crucial route for global oil shipments.
Gold is currently trading around the key $5,000 level, moving within a narrow range as markets wait for clear direction. The metal has been supported by rising geopolitical tensions, particularly in the Middle East
Foreign exchange markets remained relatively calm as investors awaited important economic data from the United States. The EURUSD pair traded slightly below 1.1650, showing little change compared to the previous day.
Oil prices remained stable after two days of decline, with West Texas Intermediate (WTI) trading near $65.40 per barrel during European trading hours on Thursday. The market is currently balancing geopolitical tensions and supply concerns.
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