Oil prices rebounded in early Asian trading on Tuesday after Iran rejected reports of talks with the U.S., shifting trader focus back to supply risk and geopolitical tension. U.S. benchmark Oil – US Crude surged to $91.54, up nearly 4%, while global marker Oil – Brent Crude climbed above $103, recovering some of Monday’s sharp losses that briefly drove Brent below $100.
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Over the past month, Oil – US Crude has advanced about 49%, and Oil – Brent Crude is up roughly 58%, underscoring how supply concerns have fueled a strong upward trend despite intermittent pullbacks. Both benchmarks currently carry a 1-day technical signal of Buy% for WTI and Buy% for Brent, indicating short-term momentum remains skewed to the upside amid persistent volatility. Investors can explore more updates, prices, and analysis across global markets at Commodities.