Riyadh

Brent and WTI are easing as regional peace discussions reduce immediate concern over Middle East supply disruption. Technical traders are still watching $106 in WTI and $120 in Brent as levels that could reopen the path to higher crude prices.

Oil prices are attempting to stabilize after several days of losses, with WTI trading near $96.70 and Brent near $101.80. Traders are weighing hopes for possible U.S.-Iran talks against fresh disruption risks tied to Saudi Arabia and Libya.

WTI crude oil is trading near the psychologically important $100 area as markets weigh supply risks against hopes for de-escalation. Traders are watching Middle East headlines closely, with resistance near $101.00 and support around $99.80 shaping the near-term setup.