Crude oil prices have staged a technical recovery, moving back into bullish territory after a period of intense volatility that saw benchmarks shed nearly 10% of their value earlier in the week.
The rebound reflects a shift in market sentiment as traders recalibrate risk exposure amid persistent geopolitical tensions in the Middle East.
Brent crude and WTI futures advanced in the session, supported by short-covering activity and a renewed focus on supply disruption risks.
The price action suggests that the recent sell-off may have been overdone, with buyers stepping in to secure supply ahead of potential further escalation.
The move marks a clear departure from the risk-off positioning that characterized the previous trading session.
The recovery comes as markets digest the implications of ongoing geopolitical friction, particularly involving Iran.