WTI and Brent fell more than 2% on truce talk but Hormuz traffic remains far below normal as sellers test key retracement zones heading into Monday's open.
WTI and Brent pull back as traders search for support, while Middle East risks keep the broader bullish setup in play.
WTI crude near $100 may bolster oilfield activity, with Baker Hughes and Oceaneering poised to benefit from stronger drilling and offshore demand.
Oil prices fell for a third day Friday, with WTI crude slipping below $100 a barrel as expectations of restored Saudi pipeline flows eased immediate supply concerns.
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WTI approaches major $110 resistance as its rising channel keeps higher targets, including $119, in play.
WTI and Brent retreat after a powerful rally, but supply disruption risks keep the oil price outlook positive.
Hormuz disruptions tighten Gulf supply as WTI holds $94.89 and Brent eyes $101.96, while natural gas weakens toward key $2.74 support.
Brent holds above $100 as US-Iran tanker attacks disrupt major supply routes, while bullish breakouts point toward $104 for WTI and $113-$120 for Brent.
WTI crude above $95 and rising Permian output prospects put Diamondback Energy, ExxonMobil and Chevron in focus as oil prices stay strong.
Hormuz traffic falls as Middle East supply risks deepen, with WTI testing $94.89, Brent approaching $99.41 and natural gas weakening below $2.92.
Hormuz disruptions tighten Gulf supply as WTI approaches $94.89, Brent targets $99.41 and natural gas holds its bullish structure above $2.88.