Oil prices edged lower on Monday after U.S. President Donald Trump indicated Washington would work to clear vessels stuck in the Strait of Hormuz, easing some immediate supply concerns. Benchmark Oil – Brent Crude futures slipped 0.59% to about $107.53 per barrel, while U.S. benchmark Oil – US Crude also retreated, though the absence of any breakthrough in U.S.-Iran talks kept a firm floor under prices above $100.
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Over the past month, Brent has gained about 1.9%, reflecting persistent geopolitical risk premiums and a relatively tight global supply backdrop. WTI has fallen roughly 7.5% in the same period, suggesting softer U.S. demand or expectations of more ample domestic supply, yet both contracts currently carry a short-term Buy and Buy technical signal on a 1-day basis, indicating momentum traders still see scope for near-term upside.
Investors can explore more updates, prices, and analysis across global markets at Commodities.