In recent developments, geopolitical tensions stemming from the Russia-Ukraine conflict have significantly influenced global markets and oil prices. A decrease in demand for oil has been noted as a burden for the commodity throughout 2024. However, recent escalations in the conflict have led to an increase in oil values. European stock markets are preparing to open higher, reflecting investor sentiment amid these tensions. Despite cautious trading in U.S. stock index futures, Wall Street's main indexes, including the Dow Jones and S&P 500, are on track for weekly gains. The ongoing geopolitical strife between Russia and NATO, highlighted by missile attacks in Ukraine, continues to impact oil pricing in the international market, with prices closing higher as investors monitor the situation closely.