Crude prices retreated in early Asian trading as geopolitical tensions eased, with a 10-day ceasefire between Israel and Lebanon taking hold and U.S. President Trump signaling possible renewed negotiations with Iran. U.S. benchmark Oil – US Crude slipped 1.51% to $93.26 and global marker Oil – Brent Crude declined 1.03% to $98.37, both retreating from the triple-digit spikes seen earlier in the week.
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Over the past month, Brent has lost about 1.76%, reflecting fading risk premiums as markets reassess supply disruption odds, while WTI is down roughly 0.38%, indicating relatively resilient U.S. crude dynamics. On a 1-day basis, technical indicators point to a mixed stance, with WTI showing a cautious Hold signal and Brent flashing a more constructive Buy reading, suggesting traders may see the latest pullback as an opportunity in global benchmarks.
Investors can explore more updates, prices, and analysis across global markets at Commodities.