The post WTI Forecast: Retreats from 23.6% Fibo. amid mixed technical signals appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on a two-day rally, reaching an over two-week high touched the previous day, and trades with a negative bias during the Asian session on Thursday. The commodity, however, lacks follow-through selling and currently trades just above the $74.00 mark, down around 0.65% for the day. Looking at the broader picture, Crude Oil prices stalled the recent recovery move from the lowest level since late February near the 23.6% Fibonacci retracement level of the May-July downfall. Moreover, the black liquid keeps a bearish near-term tone below the 200-day Exponential Moving Average (EMA). Adding to this, mixed momentum oscillators reinforce that rebounds remain capped by overhead structure rather than trend reversal. The Moving Average Convergence Divergence (MACD) has turned positive with the li
The post WTI holds above $74.00 as bears hesitate on US–Iran, Hormuz risks appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – drifts lower during the Asian session on Thursday and moves away from a two-week high, around the $75.75 region touched the previous day. The commodity currently trades above the $74.00 mark, down 0.30% for the day, though the downside potential seems limited amid a fresh escalation of tensions between the US and Iran. The US military unleashed a new wave of strikes against Iran in retaliation for Tehran’s attacks on commercial ships in the highly contested Strait of Hormuz. Iran retaliated by targeting approximately 85 US military installations and assets across Bahrain and Kuwait. Adding to this, US President Donald Trump said on Wednesday that the memorandum of understanding with Iran aimed at ending the conflict in the Middle East is now over. Traders were quick to price in the geopolitical risk premium, w
The post Crude Oil rediscovers its war premium as the Versailles patch peels off appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) Crude Oil trades near $74.50 on Wednesday, up more than 3.5% and extending a rebound that began at the $68.00 floor in early July. The catalyst is depressingly familiar: The US has begun another series of strikes on Iranian military targets in and around the Strait of Hormuz, and President Trump now describes the Versailles agreement as over while allowing talks to limp on. Energy traders spent three weeks selling the peace; they are spending Wednesday buying the war back. The recursion trade returns Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington revoked the sanctions waiver behind legal Iranian Oil exports and answered through US Central Command (CENTCOM) with strikes on more than 80 targets, from air defences and coastal radar to anti-ship missile batteries and over 60 Revolutionary Guard small boats
The post US launches fresh strikes on Iran appeared on BitcoinEthereumNews.com.
The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks. Brent trades 6.3% higher and WTI 6.4% higher in response, and the story is no longer any single strike; it is the recursion, a strike-retaliate-re-sign loop that now resets in days rather than months. The loop runs faster each round Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington answered by revoking the waiver behind Iranian Oil sales, then followed with a US Central Command (CENTCOM) package officials describe as four to five times larger than the round ten days ago: Air defences, coastal radar, anti-ship missile sites and more than 60 Revolutionary Guard small boats. Israel’s Kan reports Washington notified
The post WTI rises as supply disruption fears return to Oil markets appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) trims part of its earlier gains on Wednesday but remains supported as supply risks resurface amid escalating tensions in the Middle East. At the time of writing, WTI trades around $73.60, up 2.20% on the day after climbing to an intraday high of $75.73, its highest level in two weeks. Shipping through the Strait of Hormuz had been gradually normalizing after last month’s interim peace agreement between the United States and Iran. However, the latest flare-up has reversed that optimism, bringing the geopolitical risk premium back into Oil markets. Iran’s Press TV, citing an informed source, reported that Tehran would close the Strait of Hormuz in the event of any fresh attacks. The warning followed renewed fighting between the United States and Iran overnight after the Islamic Revolutionary Guard Corps (IRGC) attacked commercial vessels transiting the st
Increased geopolitical tensions heighten oil market instability, potentially driving prices higher amid supply chain concerns and global demand shifts.
The post US-Iran ceasefire collapse fuels oil market volatility, WTI at $72.25 per barrel appeared first on Crypto Briefing.
Rising oil prices amid Hormuz tensions could destabilize global markets, impacting economies reliant on oil imports and exports.
The post Brent oil nears $80 as Hormuz tensions escalate, WTI tops $75 appeared first on Crypto Briefing.
The post WTI Oil advances on Trump’s Iran shift, rising Hormuz supply risks appeared on BitcoinEthereumNews.com.
West Texas Intermediate (WTI) US Oil trades around $73.10 on Wednesday at the time of writing, up 1.48% on the day, as investors reassess risks to global energy supply following a renewed deterioration in geopolitical conditions across the Middle East. The Oil market is supported by comments from United States (US) President Donald Trump, who confirmed that the memorandum of understanding with Iran aimed at ending the conflict in the Middle East is now over. Speaking from the North Atlantic Treaty Organization (NATO) summit, Trump also said he no longer wants to negotiate with Iran after the latest attacks on commercial vessels transiting through the Strait of Hormuz. Tensions intensified after the US Central Command (CENTCOM) confirmed it had struck Iranian military infrastructure in response to Tehran’s attacks on several commercial ships in the Strait of Hormuz. The strat
The post Oil: Conflict-driven volatility and positioning – BNY appeared on BitcoinEthereumNews.com.
BNY’s Geoff Yu highlights growing fragility in global markets as President Trump declares the Iran ceasefire over and U.S. strikes in the Strait of Hormuz reignite Oil volatility. Brent, WTI and Middle Eastern benchmarks have jumped around 5%, yet inflation expectations remain intact and positioning data show core energy and inflation hedges in place, limiting broader disruption for now. Ceasefire doubts lift crude benchmarks “Markets are starting to look fragile. President Trump is now openly questioning the durability of the ceasefire, while exchanges of fire in the Strait of Hormuz are intensifying. For markets and the global economy, the prospect of a swift return to pre-conflict energy and goods flows through the waterway is fading.” “The immediate oil reaction has been significant, roughly 5%, depending on the benchmark, but not yet large enough to derail the improvement in inflati
