Global oil prices remained stable with a mild upward trend as reports of a possible permanent ceasefire in the Middle East improved investor sentiment across international markets.

Benchmark crude oil saw slight gains in early trading. US crude oil rose by 0.5% to reach 91 dollars per barrel, while Brent crude increased by 1% and was trading at 95 dollars per barrel. Analysts say the movement reflects cautious optimism among traders, as geopolitical tensions in the region appear to be easing.

The developments come amid expectations that a long-term truce could reduce supply disruptions and bring more stability to global energy markets. However, experts warn that any setback in peace talks could quickly reverse the current trend.

In Asia, stock markets also responded positively to the improving global outlook. The South Korean stock index rose by 2.96%, reflecting strong investor confidence in export-driven sectors and technology shares.

In Hong Kong, the stock market gained 1.76%, supported by buying in financial and property stocks. Meanwhile, Japan’s benchmark index increased by 0.8%, as investors reacted to stable energy prices and improved global trade sentiment.

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Market analysts believe that easing geopolitical tensions, combined with steady oil prices, are helping to support risk appetite in global equities. However, they also note that inflation concerns and interest rate policies in major economies continue to keep markets volatile.

Overall, both energy and equity markets are showing signs of cautious recovery as investors await clearer developments from the Middle East situation.