What is oil price prediction for Monday? This question has gained attention after oil prices moved lower on Friday following reports that the United States and Iran may be moving closer to an agreement to extend their ceasefire. Investors have spent the week evaluating developments in the Middle East and their potential impact on global oil supply. The possibility of reduced tensions has increased expectations that shipping through the Strait of Hormuz could continue without major disruption. At the same time, stock markets responded positively to signs of progress in negotiations. Oil traders will now closely monitor diplomatic updates before markets reopen on Monday.
