[MARKET UPDATE] Crude prices reverse earlier losses as US players enter the fray and with major news flow on the quieter side; WTI May back above USD 103/bbl and Brent June eyes 107.50/bbl to the upside; both contracts still off intraday highs

Crude prices are experiencing a rebound as US buyers step in, which signals renewed interest and potential tightening in supply dynamics. The shift comes amid a quieter news environment, suggesting that market participants may be reacting to technical levels rather than fresh fundamental drivers. Watch for how this develops, as a push above USD 103 for WTI and USD 107.50 for Brent could indicate stronger bullish momentum or shift market sentiment significantly.