WTI Oil Retreat Tests $80 Even Though Strait Risk Still Lingers

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WTI crude oil prices are pulling back toward $80 following political signals of de-escalation, but technical levels suggest volatility is far from resolved. Razan Hilal, Market Analyst at Forex.com, explains why the $85 and $91 zones remain critical resistance levels and how prolonged disruption to the Strait of Hormuz could outweigh reserve releases. She also outlines upside targets toward $130 and $150 if momentum rebuilds. 

This content was created by an affiliate of Forex.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.

 

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