USOILCrude Oil (WTI)
100.85
-0.17%
SUPPORT:94.8988.57
RESISTANCE:107.55113.87
Past
What happened
WTI crude ticked up 0.2% to $101.22 as the Iran-Israel ceasefire held but traders stayed cautious ahead of the Beijing summit.
Why
Why it matters
Oil is caught between Middle East supply risk premium and demand uncertainty — Brent above $106 reflects the geopolitical floor, but a tariff deal could boost demand expectations.
Watch
What to watch
EIA crude inventories at 17:30 TRT plus Trump-Xi trade headlines — a drawdown plus positive trade signals could push WTI toward $103.
Past
What happened
WTI flat at $100.85, oscillating in a $0.50 range as traders sat on hands ahead of EIA inventories and the Beijing communiqué.
Why
Why it matters
Geopolitical risk premium is intact (ceasefire fragile) but real demand signals are muted — neither side of the Trump-Xi book wants to be wrong before the readout.
Watch
What to watch
EIA at 17:30 TRT — a draw plus any China demand language pushes WTI through $102; a build into a stalled summit reopens $98.
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