USOILCrude Oil (WTI)
96.60
+0.00%
SUPPORT:9592
RESISTANCE:100105
Past
What happened
WTI flat at $96.60 in Asia after a brutal $4+ drop Friday — Trump's 'Iran deal could be hours away' post and reports of Hormuz reopening talks gutted the war premium.
Why
Why it matters
Oil had a $20+ Iran-war premium baked in. Every signal that Hormuz reopens — even rumour — strips that premium fast. Friday's selloff was option-driven, today's flatness is exhaustion.
Watch
What to watch
OPEC+ JMMC Wednesday is the next supply input. Confirmed Iran-deal announcement opens $88 quickly; deal collapse sends it back to $105. Watch headlines, not levels.
HEADLINES