Oil prices have risen in global markets, buoyed by optimism surrounding potential U.S. policy support for economic growth and cooler inflation data. Analysts, including IG’s Tony Sycamore, noted that the easing of inflation concerns has positively impacted risk assets such as U.S. equities and crude oil. The recent end of the Senate shutdown has also contributed to this positive sentiment. Lower-than-expected inflation data has led to expectations of further cuts in U.S. Federal Reserve policy, further supporting oil price gains. Overall, the market is responding favorably to these developments, indicating a potential shift in investor confidence.