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A picturesque view of industrial oil storage tanks set against a serene lake with mountains in the background.
FORECASTS7 DAYS AGO
WTI Crude Oil Remains Vulnerable as Pullback Fails to Remove Geopolitical Risk
WTI crude oil has eased from recent highs, but the market remains elevated and sensitive to Middle East developments. Traders are watching whether selling pressure can extend below key support or whether fresh headlines revive the risk premium.
Aerial shot of an oil tanker sailing in the ocean near Vado Ligure, Italy.
FORECASTSAUG 23, 2026
WTI Crude Oil Holds Firm as Hormuz Shipping Uncertainty Keeps Volatility Elevated
WTI crude oil is trading in a higher price tier as uncertainty around Hormuz Strait tanker flows continues to shape sentiment. Traders are watching $86.850 resistance and $86.200 support as geopolitical headlines and speculative momentum drive fast price swings.