Analyst: Brent crude oil remains near $71, but volatility has intensified.

The price of Brent crude oil remains around $71 per barrel, with traders weighing the potential outcomes of the upcoming talks between the US and Iran. However, the current price level is presenting a "stable illusion" as some market participants say, while the massive deployment of US military forces in the Middle East is making investors nervous. Bjarne Schieldrop, Chief Commodity Analyst at SEB Research, said: "However, the Cboe Crude Oil Volatility Index is at a high level and close to the recent high set yesterday." "We are watching the situation develop." The index measures the expected volatility of oil prices in the next 30 days. In the future market in Europe, Brent crude oil rose by 0.6% to $71.02 per barrel, while WTI crude oil rose by 0.5% to $65.66 per barrel.