WTI Oil Steadies Above $85 Amid Fading Middle East Peace Hopes: A Comprehensive Analysis

WTI oil has stabilized above $85, recovering from two-month lows, as diminishing hopes for a Middle East peace agreement fuel geopolitical risk premiums. This fundamental driver, coupled with supportive technicals, suggests a market pricing in prolonged instability. Institutional investors are recalibrating portfolios, with capital flows indicating a preference for commodities amid uncertainty.