Crude oil prices have shown signs of stabilization despite the ongoing geopolitical tensions, particularly the Israel-Hamas conflict. The recent surge in oil prices, which saw West Texas Intermediate (WTI) surpassing $86 a barrel, was largely influenced by the unexpected attack by Hamas over the weekend. However, Saudi Arabia has stepped in, pledging its commitment to ensuring market stability. The kingdom has expressed its support for OPEC+ efforts to balance the oil markets and emphasized its dedication to initiatives that would foster global economic growth. On the Brent oil front, prices continue to fluctuate, currently operating under the influence of the EMA50, which exerts a negative pressure. The price is anticipated to resume its bearish trend, targeting the 86.74 level. However, a breach of the 90.30 mark could halt this bearish correction, potentially steering the price back to its primary bullish trajectory.