Oil prices are being supported by supply risks around the Strait of Hormuz, strong U.S. exports, and falling fuel inventories, with bullish technical setups in both Brent and WTI adding to the upside bias. The article points to a tighter near-term oil balance rather than a demand shock, which is supportive for crude benchmarks and energy-linked assets. Geopolitical risk and logistics concerns remain key drivers of price resilience.
Oil prices are being supported by supply risks around the Strait of Hormuz, strong U.S. exports, and falling fuel inventories, with bullish technical setups in both Brent and WTI adding to the upside bias. The article points to a tighter near-term oil balance rather than a demand shock, which is supportive for crude benchmarks and energy-linked assets. Geopolitical risk and logistics concerns remain key drivers of price resilience.
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