West Texas Intermediate crude remains elevated near $102.00 amid ongoing geopolitical risks despite easing from recent highs.
West Texas Intermediate crude oil prices maintain gains above $102.00 as US-Iran ceasefire negotiations show signs of strain. The benchmark remains above the critical $100 threshold, reflecting persistent geopolitical risks in the Middle East.
Prices retreated slightly from recent highs but remain supported by supply concerns. Earlier this week, WTI traded near $104.00 before consolidating, with market participants monitoring developments in the US-Iran standoff closely.
No immediate market reaction was reported, though futures remain sensitive to geopolitical updates and inventory data.