Oil Prices Stabilize After Major Sell-Off; Geopolitical Tensions Ease

• Oil prices held steady after a significant sell-off, which saw the largest drop in six months.
• West Texas Intermediate (WTI) traded near $62 a barrel, while Brent futures finished above $66.
• The decline was attributed to easing geopolitical threats and a broader commodities sell-off, including gold and copper.
• US President Donald Trump indicated potential nuclear deal discussions with Iran, further reducing tensions.
• Trump also proposed pulling back tariffs on India if Prime Minister Narendra Modi stops importing Russian oil, impacting global supply.

Why It Matters: Oil prices stabilized after a major sell-off, driven by easing geopolitical tensions and broader commodity market shifts.