USOILCrude Oil (WTI)
101.02
-0.15%
SUPPORT:96.1389.62
RESISTANCE:102.63109.14
Past
What happened
WTI traded 101.02 over the weekend as Iran-Hormuz rhetoric flared again — Bessent flagged Iran storage saturation while Tehran issued fresh Strait threats.
Why
Why it matters
Oil is now the cleanest geopolitical hedge in the macro book — every Hormuz headline is worth $2–3, and the AI-driven power-demand story keeps the structural bid alive even when risk markets wobble.
Watch
What to watch
102.63 is the upside trigger; a daily close above opens 109. EIA inventories Wednesday and any concrete Iran action (or de-escalation) are the binary catalysts.
HEADLINES