Crude oil futures traded erratically today as geopolitical risks and supply worries spurred market uncertainty. Ongoing tensions in key oil-producing regions are raising concerns about potential disruptions to global supply chains.

Traders are closely watching developments in the Middle East and Eastern Europe, where political instability could impact oil production and exports. Market analysts suggest that the current volatility is likely to persist in the near term, with prices sensitive to any new developments in these regions.

Furthermore, concerns about production capacity and inventory levels are also contributing to the price swings. Recent reports indicating lower-than-expected inventory data have added to the upward pressure on prices. Investors remain cautious, weighing the potential for further price increases against the risk of a correction.