Oil prices edge higher amid renewed uncertainty

Oil prices climbed in a quiet session with little economic data on the calendar. The focus is on the US NFIB Small Business Optimism Index for July, due later today.

In June, the index rose to a four‑month high of 97.4, supported by stronger expectations for business conditions and real sales. The uptick in sentiment provided a modest tailwind for risk assets, but today’s move in oil was primarily driven by renewed geopolitical uncertainty.