Oil prices recover from a five-day losing streak despite reduced Middle East tensions and softer supply risks.
West Texas Intermediate crude climbed to $75.10 per barrel in Asian trading, halting a five-session decline. The gain comes as investors weigh potential Federal Reserve rate cuts in 2026 against easing geopolitical supply concerns.
Prices had fallen earlier in the week on reduced Middle East tensions and expectations of stable global supply. Analysts noted the rebound reflects market focus shifting toward monetary policy expectations rather than immediate supply risks.
No immediate market reaction data was reported in the session.