Russian Refineries

WTI crude has bounced from support, but the recovery remains technically corrective while price trades below a key resistance zone. Brent is showing stronger upside structure, while natural gas remains under pressure after slipping beneath near-term support.

U.S. diesel prices have reached a record as crude oil posts a sharp weekly advance and global refining stress deepens. The bigger economic risk is that diesel’s role in freight, farming, construction and industry could keep inflation pressure elevated while weighing on growth.

Oil prices remain supported as tensions around Iran and the Strait of Hormuz keep supply risk in focus. WTI traders are watching the $81 breakout zone, while Brent bulls are focused on $90 and the path toward $100.