Oil Prices Stable Amid Greenland Tensions, Supply Concerns; WTI Above $60

• Global crude oil prices have remained stable, with WTI above $60/barrel and Brent around $64/barrel.
• Market focus is on geopolitical tensions over Greenland and global supply issues.
• US-Europe tensions regarding Greenland have eased slightly, reducing market uncertainty.
• Supply risks from Kazakhstan's temporary production halts and potential increases from Venezuela are influencing prices.
• Donald Trump insists on acquiring Greenland, threatening 10% tariffs on 8 European nations by February 2026 if the deal fails.

Why It Matters: Oil prices are stable, balancing Greenland tensions and supply dynamics, despite Trump's tariff threats.