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Market Impact: 0.72
Oil Price Forecast: WTI and Brent Target $120 as Supply Risks Escalates
Source: fxempire.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsMarket Technicals & Flows
Brent crude remained above $100 per barrel as US-Iran tanker attacks disrupted major oil supply routes. Bullish technical breakouts indicate potential upside targets of $104 for WTI and $113-$120 for Brent, implying further commodity-market pressure from escalating geopolitical supply risks.
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