Oil prices retreated at the start of trading, positioning the market for a second straight weekly decline as concerns over a potential U.S.-Iran confrontation eased. Benchmark Oil – Brent Crude hovered near $67 per barrel, while Oil – US Crude traded around $63, with fading geopolitical risk premium weighing on recent gains.
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Despite the latest pullback, Brent has risen about 3.35% over the past month and WTI is up roughly 2.99%, reflecting a still-firm medium-term trend amid volatile headlines. Daily technical indicators currently point to a short-term Buy bias for WTI and a similar Buy signal for Brent, suggesting traders may still see room for upside within the broader range. Investors can explore more updates, prices, and analysis across global markets at Commodities.