Brent crude rose 0.7% to $65.87 per barrel on Aug 14 after recent lows.
WTI gained 0.8% to $62.85, supported by fresh supply concerns.
Traders reacted to geopolitical tensions ahead of the Trump–Putin meet.
Analysts say possible output disruptions are fueling short-term buying.
U.S. crude inventories unexpectedly increased by 3.2 million barrels, shocking traders.
The IEA warned of weak demand growth but traders eye quick volatility profits.
Market awaits signals on OPEC production changes in coming weeks.
A softer dollar added support to oil’s modest intraday rebound.
Short-term players are betting on $68–$70 Brent if supply fears
escalate.
Volatility remains high — a playground for aggressive intraday traders.