WTI crude oil extends its bullish reversal toward $100 resistance as moving averages and a falling wedge breakout strengthen the outlook for further gains.
Traders react to EIA data and focus on Middle East tensions.
WTI holds above $93.94 as OPEC output rises and U.S. inventories tighten, while Brent targets $107.22 amid Hormuz risks and natural gas tests $3.35 resistance.
Houthis continued their attacks against Saudi Arabia on Tuesday.
WTI tests $91.40 as Gulf oil production recovers, Brent targets $106.03 amid Hormuz supply risks, and natural gas eyes $3.35 despite rising U.S. inventories.
WTI breaks above a falling bullish wedge as support holds, raising the potential for renewed upside toward recent highs and eventually new trend highs.
WTI tests $90.62 resistance, Brent presses $103.89, and natural gas surges above $3.16 as bullish momentum strengthens across energy markets.
Oil markets are moving lower as traders evaluate the situation in the Middle East.
Gulf storm risks and Saudi-Houthi tensions lift oil supply concerns as WTI tests $90.64, Brent eyes $103.89, and natural gas holds above $3.00.
Oil markets moved away from session lows amid reports indicating that Iran increased attacks in Hormuz to stop the growing traffic.
WTI rebounds from $88.54, Brent targets $103.89, and natural gas slips below $2.95 as fuel-supply stress and LNG demand reshape the outlook.
WTI and Brent test their 50-day EMAs as near-term selling pressure builds, potentially creating a setup for value buyers.