USOILCrude Oil (WTI)
103.18
-2.12%
SUPPORT:96.7489
RESISTANCE:109.62117.36
Past
What happened
WTI pulled back 2.1% to $103.18 after a +10% weekly run as profit-takers booked the Iran-tension premium ahead of the Trump 'clock is ticking' rhetoric being tested in actual policy moves.
Why
Why it matters
Oil is the single asset driving the bond market's inflation re-pricing — every $5 on Brent now flows directly into 10Y breakevens and Fed-hike odds. The geopolitical risk premium is structural until proven otherwise.
Watch
What to watch
$100 holds the trend; below opens $95 (50DMA). Iran headlines and the API inventories Tuesday set tone. A return to $108 puts the bond bears in full control again.
HEADLINES