Oil Near $95 Amid Cautious Optimism on De-escalation

Oil prices edged higher to around $95 per barrel.

Amid cautious optimism over easing tensions with Iran.

Brent crude reached about $94.98.

While WTI rose above $91.44.

Markets remain volatile.

Despite signs of de-escalation.

Investors remain cautious.

Due to doubts over negotiations.

Supply concerns persist.

Especially around the Strait of Hormuz.

Which carries about 20% of global oil.

Analysts expect continued volatility.