Oil prices set for volatile week on supply risks in West Asia

Crude oil prices are expected to remain volatile this week due to supply concerns in West Asia and stalled US-Iran talks, even as efforts to ease shortages provide some relief, analysts said. Investors will monitor weekly US crude inventory data and the Strait of Hormuz, where any shipment disruption could tighten global supplies. Recent inventory declines have supported prices, with potential escalation possibly pushing Brent toward USD 115-120 per barrel. Last week, Brent rose nearly 5 percent to USD 109.86, while WTI gained about 9 percent to USD 99.02. G7 stock releases and sanctions waivers have failed to sustain price declines, with supply recovery projected only by 2027.