Brent holds above $106 as oil stays positive, off intraday highs

Brent crude remains in positive territory, trading around $106 per barrel on Tuesday, though it has pulled back from earlier intraday highs. The move suggests continued upward pressure on oil prices, likely driven by supply concerns, but the retreat indicates some profit-taking or easing of immediate bullish momentum. This matters for inflation and energy markets, as sustained high oil prices feed into global inflation expectations.