Natural Gas and Oil Forecast: WTI Dips to $88 as Pakistan Peace Talks Resume – Will $90 Reclaim?

WTI crude fell to $88.07 as upcoming US-Iran talks in Pakistan eased supply disruption fears. The $90.00 level, previously support, has now flipped into a technical resistance zone, reinforcing near-term downside risk for oil prices. The move reflects softer geopolitical risk premium rather than a broader demand shock.

Analysis

WTI crude fell to $88.07 as upcoming US-Iran talks in Pakistan eased supply disruption fears. The $90.00 level, previously support, has now flipped into a technical resistance zone, reinforcing near-term downside risk for oil prices. The move reflects softer geopolitical risk premium rather than a broader demand shock.