Crude benchmarks moved higher as prospects for a diplomatic breakthrough between Washington and Tehran diminished, after the U.S. president dismissed Iran’s latest response as untenable and warned the tentative ceasefire was “on life support.” In this backdrop, Oil – Brent Crude hovered near $104.86 per barrel and Oil – US Crude around $98.93, with traders pricing in a heightened risk of supply disruption.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Over the past month, Brent has advanced about 11.24%, while WTI has gained roughly 7.11%, underscoring a firm uptrend supported by geopolitical risk and tighter supply expectations. Daily technical setups currently point to a momentum bias, with Brent flashing a Buy signal and WTI also showing a Buy signal, suggesting near-term strength but leaving prices sensitive to further developments in U.S.-Iran relations. Investors can explore more updates, prices, and analysis across global markets at Commodities.