WTI crude futures rebounded as traders eyed the $98.11 pivot after tensions in the Strait of Hormuz raised supply-disruption fears. Geopolitical risk is underpinning a bullish oil outlook, increasing upside pressure and near-term volatility in the energy complex.
WTI crude futures rebounded as traders eyed the $98.11 pivot after tensions in the Strait of Hormuz raised supply-disruption fears. Geopolitical risk is underpinning a bullish oil outlook, increasing upside pressure and near-term volatility in the energy complex.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
