Hezbollah, which is fighting against Israel, rejected the ceasefire deal.
With geopolitical risk premium largely removed, oil benchmarks found support inside channels while natural gas maintained strength. WTI defended $95.53 with higher lows, Brent tested $97.18, and NatGas retested $3.231 after recent surge.
Oil prices remain supported as Iran tensions, Strait of Hormuz risks, and falling U.S. crude inventories keep WTI near a key breakout zone while Brent holds its bullish structure.
Crude oil prices remain volatile as U.S.-Iran peace talks, Strait of Hormuz risks, and tight supply conditions keep WTI and Brent trapped in broad consolidation ranges.
Oil markets test new lows as traders wait for results of U.S. – Iran talks.
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI plunges below $92 after channel violation, Brent defends $95.01 support, and Natural Gas holds steady near $2.995 with positive momentum.
Brent crude and WTI, its US counterpart, are heading for a second consecutive weekly decline as traders bet that a diplomatic resolution to the US-Iran conflict will eventually reopen the Strait of Hormuz, even as hostilities continue to flare. Brent was trading around $91.53 per barrel on Friday, down roughly 5% on the week, while WTI was around $87.65, having shed more than 7% over the same period.
Oil prices rebound as fresh U.S. strikes on Iran revive supply-risk concerns, while falling U.S. inventories and bullish WTI and Brent structures keep the broader trend supported.
One month-plus into the truce, supply-demand dynamics dominate as US production stays robust. WTI plunges below $92 after channel violation, Brent defends $95.08 support, and Natural Gas breaks higher toward $3.008.
Oil prices rebound as U.S.-Iran uncertainty and Strait of Hormuz risks keep Brent and WTI supported near key technical levels.
With geopolitical risk premium largely removed, oil benchmarks weakened on technical selling while natural gas showed resilience. WTI confirms bearish breakdown targeting $89.96, Brent retests channel floor at $95.79, and NatGas builds momentum above $2.80.
Oil and Natural Gas trade calmly as the Middle East truce holds firm. WTI suffers channel breakdown to $98.85, Brent tests lower support, and Natural Gas rebounds strongly toward $3.15 on positive RSI and volume.