Crude Oil Futures Rebound 2% Amid Geopolitical Tensions, Global Cues

• Crude oil futures pared early losses, rising nearly 2% to Rs 9,061 per barrel on Friday.
• Gains were tracked by global energy benchmarks amidst geopolitical uncertainty in West Asia.
• Volatility attributed to unresolved Iran conflict, contradictory statements by US President Donald Trump, and Ukrainian drone attacks on Russian pipelines.
• Tensions have disrupted exports through the Strait of Hormuz, raising concerns over potential output cuts.
• Brent crude bounced back after reports of the White House considering sending 10,000 additional troops to the Middle East.