In Tuesday’s early trade, oil prices modestly fell as progress in Israel-Hamas ceasefire talks eased tensions in the Middle East, potentially impacting the natural gas and oil forecast. The ceasefire negotiations, alongside continuous regional conflicts and the upcoming U.S. Federal Reserve policy review, may influence oil price forecasts.
Persistent inflation and a stronger U.S. dollar could suppress oil demand, while geopolitical risks in key areas like the Suez Canal may underpin prices with potential supply disruptions.