WTI crude oil is testing a major technical resistance zone as markets react to fragile Strait of Hormuz developments, shifting supply expectations, and renewed geopolitical risk across global energy markets. Razan Hilal, FOREX.com Market Analyst, explains the critical levels traders are watching, why crude oil could either break sharply higher or reverse lower, and how oil volatility could impact inflation, bond yields, central bank expectations, and broader risk sentiment.
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