Oil prices experienced fluctuations amid mixed signals from the market. A significant drop in U.S. crude stocks contributed to a rise in oil prices, while profit-taking activities were noted ahead of upcoming U.S. job data. Analysts indicated that financial demand remains robust, with expectations of rate cuts influencing market sentiment. Despite these factors, oil prices faced challenges, settling at a one-month low due to geopolitical developments, including hopes for a ceasefire in Gaza. The overall market sentiment reflects a balance between optimism regarding demand and concerns over economic slowdowns.