Oil prices stabilize above $82.50 after retreating from a two-day rally amid heightened geopolitical risks in Eastern Europe.
West Texas Intermediate crude trades at $82.70 per barrel in Asian hours, paring gains from the past two sessions. The retreat follows a brief rally driven by rising tensions between the UK and Russia over Eastern European conflicts.
Prior to the pullback, WTI had climbed on concerns that geopolitical instability could disrupt supply chains. Market focus remains on developments in the region, which may support prices in the near term.
No immediate market reaction was reported, though traders continue to monitor the situation closely.