Oil benchmarks are holding near $100 per barrel even after a U.S.-Iran ceasefire reduced immediate geopolitical risk, as the continued disruption at the Strait of Hormuz keeps a significant risk premium embedded in energy markets. The chokepoint’s restricted flows of crude and LNG have tempered optimism that the recent supply shock will quickly unwind, sustaining elevated pricing and volatility expectations for contracts linked to Natural Gas.
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Over the past month, CM:NG has fallen about 13.3%, reflecting some unwinding of the prior spike as traders reassess worst-case disruption scenarios and warmer seasonal demand patterns. However, the 1-day technical signal for CM:NG stands at Sell, suggesting near-term downside momentum persists despite still-heightened geopolitical risk around key shipping routes.
Investors can explore more updates, prices, and analysis across global markets at Commodities.