USOILCrude Oil (WTI)
97.62
+1.32%
SUPPORT:92.2286.29
RESISTANCE:104.08110.01
Past
What happened
WTI jumped $1.80 to $98.15 (+1.87%) — Iran tensions resurfacing overnight extended the Middle East risk premium into US sessions.
Why
Why it matters
Hormuz disruption risk keeps a $5–$7 geopolitical bid baked into crude, masking softer demand signals from US shale output and global PMIs.
Watch
What to watch
$100 psychological resistance — clean break invites $105 (52w high $119). Any ceasefire headline could flush back to $94 support.
Past
What happened
WTI jumped $1.80 to $98.15 (+1.87%) — Iran tensions resurfacing overnight extended the Middle East risk premium into US sessions.
Why
Why it matters
Hormuz disruption risk keeps a $5–$7 geopolitical bid baked into crude, masking softer demand signals from US shale output and global PMIs.
Watch
What to watch
$100 psychological resistance — clean break invites $105 (52w high $119). Any ceasefire headline could flush back to $94 support.
HEADLINES
- Oil prices are hard-pressing consumers at bottom of K-shaped economyYahoo Finance Video
- Oil prices fall after Iranian news agency says US and Iran may be 'hours' from announcing dealYahoo Finance
- Bond markets are not so subtly telling the Fed that rates aren't high enoughYahoo Finance
- Oil prices are hard-pressing consumers at bottom of K-shaped economyYahoo Finance Video
- Oil prices fall after Iranian news agency says US and Iran may be 'hours' from announcing dealYahoo Finance
- Bond markets are not so subtly telling the Fed that rates aren't high enoughYahoo Finance