USOILCrude Oil (WTI)
99.38
-1.77%
SUPPORT:96.1389.62
RESISTANCE:102.63109.14
Past
What happened
WTI eased 1.8% to $99.38 even with Strait of Hormuz uncertainty in the headlines — Bessent's 'Iran has run out of storage' line and Trump-Xi reopening talk capped the bid.
Why
Why it matters
Oil is caught between two cross-currents: real Hormuz risk on one side, ample physical inventory and the prospect of an Iran de-escalation deal on the other. Today, supply optimism won.
Watch
What to watch
$96.00 (50-day) is the floor that defines the regime; below opens $92. Any concrete Hormuz incident or OPEC+ headline pre-June meeting flips the script instantly.
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