Crude benchmarks advanced toward their first weekly gain since January as geopolitical risk in the Middle East resurfaced following President Trump’s ultimatum to Iran, which set a 10–15 day window for a new deal. International benchmark Oil – Brent Crude hovered near $72 a barrel and U.S. benchmark Oil – US Crude traded around $66.9, with both contracts extending a rally that recently pushed them to six‑month highs.
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Over the past month, Brent has climbed about 12.21%, while WTI has gained roughly 11.83%, reflecting a shift from prior weekly declines to a more bullish tone as supply‑risk premia rebuild. Daily technical indicators currently show a Strong Buy signal for WTI and a Strong Buy for Brent, suggesting short‑term momentum remains supportive despite rising geopolitical uncertainty. Investors can explore more updates, prices, and analysis across global markets at Commodities.