Brent

• Middle East supply security risks drove upward momentum in Brent crude oil prices. • Low U.S. crude stockpiles and OPEC+ production discipline provided fundamental market support. • Technical indicators showed a MACD buy signal and Williams %R overbought conditions.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $101.85 during the early Asian trading hours on Friday. WTI price holds steady as diplomacy hopes for peace talks between the United States (US) and Iran offset some Middle East supply concerns.

Yemen's Iran-aligned Houthis said on Thursday that it had launched six missile and drone attacks against oil facilities, airports and a military position across Saudi Arabia, Xinhua News Agency reported.

Silver price (XAG/USD) posts a fresh 11-month low near $52.60 during the European trading session on Thursday.

Oil edges lower on Thursday, as comments from US and Iranian officials hint at some efforts to de-escalate tensions, although dips remain limited so far.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – slides to mid-100.00s during the Asian session on Thursday, though the downside potential seems limited amid uncertainties surrounding the Middle East crisis.