Bullish Sentiment Is Building in Oil Markets as Demand Concerns Fade

Oil prices are set to post an impressive gain this month as bullish sentiment has been building and demand concerns fading.- As Brent futures have moved above $85 per barrel again, geopolitics have started to come to the forefront of market concerns as Houthi militias are intensifying strikes on commercial tankers and Israel-Lebanon tensions fly high. - Oil prices remain in expansionary mode as Brent remains above the 50-day average of $83.75 per barrel, with expected inventory draws in the summer providing fundamental support for a move higher.-…