Oil benchmarks may see additional upside at Monday’s open as the U.S.-Israeli conflict with Iran extends into a third week, raising the threat to key export terminals and keeping the Strait of Hormuz closed in what is described as the largest supply disruption on record. The International Energy Agency signaled that over 400 million barrels of emergency stockpiles will be released, a move that may temper price spikes but underscores the scale of the supply risk for Oil – Brent Crude, Oil – US Crude, and Natural Gas.
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Over the past month, futures linked to Oil – US Crude have surged about 56%, while Oil – Brent Crude has advanced roughly 52%, reflecting escalating geopolitical risk and the potential for extended export disruptions, with both showing a 1-day technical bias of Buy and Buy, respectively. By contrast, Natural Gas has fallen about 6% over the same period and currently flashes a short-term Sell signal, suggesting that while oil markets are pricing in sustained supply stress, gas pricing remains more subdued and driven by regional demand dynamics rather than the crude-focused disruption.
Investors can explore more updates, prices, and analysis across global markets at Commodities.