Oil prices pulled back after Monday's rally, but the broader breakout case remains intact amid U.S.-Iran tensions, Strait of Hormuz risks, tight fuel supplies, and bullish Brent and WTI technical setups. The article points to elevated geopolitical risk and constrained fundamentals supporting crude, even after the latest retracement.
Oil prices pulled back after Monday's rally, but the broader breakout case remains intact amid U.S.-Iran tensions, Strait of Hormuz risks, tight fuel supplies, and bullish Brent and WTI technical setups. The article points to elevated geopolitical risk and constrained fundamentals supporting crude, even after the latest retracement.
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mildly positive
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