Jakarta, CNBC Indonesia - Global oil prices have edged up again amid\nthe push-and-pull of geopolitical sentiments that have not fully\nsubsided.<\/p>\n
According to Refinitiv as of Thursday, 26 March 2026 at 09:25 WIB,\nthe Brent contract (LCOc1) was recorded at US$103.31 per barrel, while\nWest Texas Intermediate (WTI\/CLc1) stood at US$91.41 per barrel.<\/p>\n
This increase represents a recovery effort following the pressure\nthat weighed on prices the previous day, while also indicating that the\nmarket remains in a \u201cwait and see\u201d phase.<\/p>\n
Looking back over the past few days, price movements have appeared\nquite volatile. Brent reached US$104.49 on 24 March before dropping to\nUS$102.22 and now rising again. Meanwhile, WTI moved from US$92.35 to\nUS$90.32, then rebounded to US$91.41. Over a longer range, prices even\nsurged to US$112.19 (Brent) on 20 March before a sharp correction. This\npattern shows that the price direction remains highly sensitive to\ngeopolitical developments, particularly in the Gulf region.<\/p>\n
Citing Reuters, the oil price increase in early Thursday trading was\ntriggered by buying activity following the previous day\u2019s decline, amid\nhopes of easing tensions in the Middle East.<\/p>\n
Investors are beginning to weigh the possibility of de-escalation in\nthe conflict, especially after reports that Iran is still considering a\nproposal from the United States to end the war that has long disrupted\nglobal energy flows from the Gulf region.<\/p>\n
Although Iran\u2019s initial response to the proposal was reportedly\nnegative, Tehran\u2019s decision not to issue an official rejection is seen\nas a signal that the diplomatic path remains open. In the energy market\ncontext, even the smallest signal regarding potential peace can directly\naffect supply expectations, given that the Gulf region is one of the\nvital routes for global oil distribution.<\/p>\n
However, on the other hand, tensions have not truly subsided. The\nUnited States government is said to increase pressure on Iran if it does\nnot accept the proposal. This statement serves as a reminder that\nescalation risks still loom, so the market has not fully dared to lock\nin a stronger bullish direction.<\/p>\n
This situation has caused oil prices to move within a relatively wide\nrange over the past few days.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/oil-prices-edge-up-slightly-as-market-awaits-signals-from-the-middle-east-1774500682", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }