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A picturesque view of industrial oil storage tanks set against a serene lake with mountains in the background.
FORECASTSAUG 12, 2026
WTI Crude Oil Rally Stays Volatile as Iran Uncertainty Keeps Traders on Edge
WTI crude oil is holding near multi week highs as traders weigh fragile Middle East signals and the absence of a confirmed agreement between the U.S. and Iran. Momentum remains constructive, but sharp intraday swings around key support and resistance levels continue to raise risk for short term traders.
IRANFUTURESCRUDE-OIL