Energy Preview: WTI crude oil futures linger around $63 per pound

WTI crude oil futures are steadying after registering over 1.5% gains in the previous session as tensions escalate between the United States (US) and Iran ahead of renewed nuclear talks in Geneva. US-led discussions between Russia and Ukraine are set to begin Tuesday, though markets remain skeptical about any near-term diplomatic breakthrough. Meanwhile, OPEC+ (Organization of the Petroleum Exporting Countries and allies) is leaning toward resuming output increases from April after a three-month pause, in preparation for peak summer demand, as per reports. The counter continues to defend $63 per barrel mark.

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