Oil prices were volatile on Thursday as traders reassessed the likelihood of a U.S.-Iran agreement that could eventually ease disruptions around the Strait of Hormuz and increase supply. Front-month Oil – Brent Crude futures slipped back below $100 per barrel in European trading, erasing earlier gains after a 7% slump on Wednesday that underscored fragile sentiment in crude benchmarks.
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Oil – US Crude has fallen about 12% over the past month, while Brent is down roughly 1.2%, reflecting shifting expectations for geopolitical risk premia and demand. On a 1-day basis, both WTI and Brent show a Hold and Hold technical signal, respectively, suggesting short-term indecision as markets weigh possible supply relief against ongoing regional tensions. Investors can explore more updates, prices, and analysis across global markets at Commodities.