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20 Week Moving Average

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A fleet of cargo ships docked near oil storage tanks along a serene coastline with a clear blue sky above.
FORECASTSSEP 29, 2026
Oil Price Forecast: Brent and WTI Climb as Strait of Hormuz Risk Keeps Supply Premium Alive
Oil prices rose for a second day as traders weighed unresolved US-Iran talks and the risk of shipping disruption through the Strait of Hormuz. WTI is holding above key support near $93, while Brent remains supported above $100 as technical traders watch upside targets at $104 and $113.