Crude Oil Update Oil prices recorded a **slight increase** following a de-escalation in trade tensions. President Trump retracted tariff threats concerning Greenland, a move that alleviates immediate trade war concerns. This shift supports the broader global economic outlook and strengthens forecasts for oil demand. **Geopolitical & Supply Factors** Sentiment was further bolstered by expectations that **U.S. military action** in Iran will remain paused. Simultaneously, physical markets are reacting to supply disruptions reported in **Kazakhstan**. Despite these bullish indicators, the market upside faces resistance from rising metrics within the **U.S.** sector.