In turn, the U.S. attacked an empty oil tanker that was headed to Iran.
With geopolitical risk premium largely removed, oil benchmarks found support inside channels while natural gas maintained strength. WTI defended $94.68 with higher lows, Brent held $96.93, and NatGas
Oil markets are moving higher as President Trump said that he expected that memorandum of understanding with Iran would be ready over the next week.
Crude oil prices remain volatile as U.S.-Iran peace talks, Strait of Hormuz risks, and tight supply conditions keep WTI and Brent trapped in broad consolidation ranges.
With geopolitical risk premium largely removed, oil benchmarks faced renewed selling pressure while natural gas showed resilience. WTI confirms bearish breakdown targeting $89.14, Brent tests channel
President Trump said that Israel and Hezbollah agreed to a ceasefire and added that talks with Iran continued, but traders wanted to see additional confirmation.
With geopolitical risk premium largely removed, oil benchmarks found support inside ascending channels while natural gas delivered a powerful move. WTI defended $90.29 with higher lows, Brent bounced
Oil markets test new lows as traders wait for results of U.S. – Iran talks.
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI plunges below $92 after channel violation, Brent defends $95.01 support, and Natural Gas holds steady
Brent crude and WTI, its US counterpart, are heading for a second consecutive weekly decline as traders bet that a diplomatic resolution to the US-Iran conflict will eventually reopen the Strait of Ho
According to recent reports, U.S. and Iran are moving towards a temporary deal that would reopen the Strait of Hormuz.
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI plunges below $92 after channel violation, Brent defends $95.01 support, and Natural Gas maintains bul
Oil prices rebound as fresh U.S. strikes on Iran revive supply-risk concerns, while falling U.S. inventories and bullish WTI and Brent structures keep the broader trend supported.
Oil markets are under strong pressure as traders bet that U.S. and Iran will reach a deal.
Spot oil prices are down to multi-week lows while key retailers demonstrate strength compared to expectations.
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