News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
WTI Crude Oil Surges 2.5% as Supply Risks Push Prices Toward $102
Traders' Opinions
Summary:
WTI climbed toward $100.50 as escalating Middle East tensions and Ukrainian strikes on Russian refineries heightened concerns about global oil supply disruptions.
Buy
TradingWTI
EXP
99.986
Entry Price
103.500
TP
95.000
SL
98.815 +0.930 +0.95%
0
Point
Flat
95.000
SL
CLOSING
99.986
Entry Price
103.500
TP
WTI crude oil futures rose around 2.5% to approximately $100.50, reaching their highest level in more than a month and moving closer to the five-month peak of $102.11. The rally reflects growing concerns over potential disruptions to global energy supplies as tensions involving Iran, the United States and Israel intensify.
Supply risks have increased following reports of attacks on oil tankers near the Strait of Hormuz, a vital shipping route responsible for the passage of roughly one-fifth of global energy supplies. Reuters reported that Iran’s Revolutionary Guard navy said two tankers were disabled and set ablaze by mines south of the strait, although it did not specify when the incidents occurred. Iran has also threatened to widen its blockade to include the Bab al-Mandeb Strait and the Suez Canal, raising concerns about further disruption to international energy transportation.
Meanwhile, continued Ukrainian strikes against Russian oil refineries are adding another source of uncertainty to the supply outlook. Ukraine reportedly resumed attacks after President Volodymyr Zelenskyy criticized Washington over what he described as a dangerous withdrawal of support for Kyiv. With risks affecting both Middle Eastern shipping routes and Russian refining capacity, oil prices could remain sensitive to further geopolitical developments.
Technical Analysis
WTI crude oil is showing strong bullish momentum on the H4 chart, with price climbing from the October lows near $87.30 and establishing a sequence of higher highs and higher lows. The recent advance has brought oil above the previous resistance zone around $92.70–$93.00, which now serves as an important support area.
Price is currently trading near $100.48, testing resistance around $100.40–$100.60. A short-term pullback toward the $99.00–$99.50 area could provide an opportunity for buyers to defend the breakout. If price holds above the former resistance near $99 and pushes through the current ceiling, the next upside targets are around $103.50, followed by $106.20. The chart’s projected move also points toward the $109 area if bullish momentum continues.
The overall outlook remains bullish while price sustains its breakout structure. However, failure to hold above the $99 region would weaken the immediate setup and increase the risk of a deeper retracement.
TRADE RECOMMENDATION
BUY WTI CRUDE OIL
ENTRY PRICE: 99.50
STOP LOSS: 95.00
TAKE PROFIT: 103.50
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2026 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.