Oil prices have experienced significant volatility due to inventory changes and geopolitical concerns. On February 23, Brent crude topped $71 per barrel, while developments in U.S.-Iran nuclear negotiations significantly impacted the market. As fears of supply disruptions grew, prices surged, but concerns over U.S. trade policy and geopolitical risks capped demand. On February 25, the U.S. Department of Energy reported a substantial increase in inventories, raising oversupply worries.
