Oil – Brent Crude spiked about 10% to near $80 per barrel in over-the-counter trading on Sunday, as U.S. and Israeli strikes on Iran heightened geopolitical risk in the Middle East and raised fears of a broader regional conflict. Analysts warned that if supply disruptions materialize or market sentiment deteriorates further, Brent could briefly approach $100, with similar upward pressure expected on Oil – US Crude futures as risk premiums expand.
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Over the past month, Brent has gained roughly 10.64%, while U.S. crude is up about 8.81%, reflecting a steady build in geopolitical and supply-driven risk before the latest escalation. One-day technical indicators currently point to a Strong Buy signal for Brent and a Strong Buy signal for U.S. crude, suggesting short-term momentum remains firmly bullish but also increases the potential for volatility if tensions ease.
Investors can explore more updates, prices, and analysis across global markets at Commodities.