Oil Prices Edge Higher on Easing Trade Tensions🌐

📌Oil prices inched up after U.S. President Donald Trump stepped back from tariff threats related to Greenland, easing concerns around escalating trade tensions. The de-escalation has supported the global economic outlook and improved sentiment on oil demand. 📌Market sentiment was further aided by expectations of no immediate U.S. military action against Iran and ongoing supply disruptions in Kazakhstan. However, gains remain capped amid rising U.S. oil supply.