Global oil prices have been fluctuating amid mixed signals regarding demand and geopolitical influences. According to industry experts, including Vitol's Muller, oil demand growth may have peaked for the year, contributing to the recent price declines. Notably, the West Texas Intermediate (WTI) crude price dropped from $81.93 per barrel at the end of April to $78.07, and later settled at $79.12. Brent crude also settled at $83.36 per barrel after an increase of 57 cents. Despite these fluctuations, some sources report that oil demand continues to grow, countering the effects of increased fuel efficiency and green initiatives. Additionally, geopolitical tensions and mixed messages from Iraq regarding production cuts have led to market volatility, with U.S. crude futures rising by $1 to a session high of $79.28, showing slight increases in response to these uncertainties.