U.S. crude benchmarks retreated on Friday as easing geopolitical tensions eroded the risk premium built into oil markets. West Texas Intermediate futures, tracked by Oil – US Crude, fell to $62.99, down $2.22 or 3.40%, capping a turbulent week dominated by reports of dialogue between the United States and Iran. The prospect of reduced supply disruption risk prompted traders to lock in gains after recent rallies, with profit-taking accelerating following comments from President Trump that Washington and Tehran were engaged in discussions.
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Despite the latest pullback, both Oil – US Crude and Oil – Brent Crude remain higher over the past month, with WTI up about 13.12% and Brent advancing roughly 13.15%, underscoring that the broader trend has stayed constructive even as risk premiums compress. From a technical standpoint, WTI’s 1-day signal currently points to a Strong Buy, while Brent also shows a Strong Buy indication, suggesting that near-term momentum remains supportive in spite of headline-driven volatility. Investors can explore more updates, prices, and analysis across global markets at Commodities.