Yemen

Oil prices remain supported as renewed Gulf supply concerns put Brent and WTI resistance levels back in focus. Traders are watching whether Brent can clear $110 and whether WTI can break the $104 to $106 zone to confirm another leg higher.

WTI oil pushed to fresh highs after Yemen’s Houthis claimed attacks on Saudi energy and transport targets, lifting the geopolitical risk premium across crude markets. Natural gas moved lower as mild weather forecasts weighed on demand expectations, while Brent continued to challenge a key resistance zone.

Oil prices are trying to stabilize after a sharp pullback, with Brent near $104 and WTI around $90 as stronger Middle East exports ease immediate supply concerns. Traders remain focused on Yemen-related risks, unresolved US and Iran talks, and key technical levels at $87 for WTI and $99 to $100 for Brent.

Oil markets weakened as traders assessed signs that crude flows through the Strait of Hormuz are improving and Saudi Aramco cut prices for Asian buyers. Natural gas extended its rebound despite low demand, with attention fixed on resistance at $3.00 to $3.05.

WTI crude oil has moved back into a tense higher range after a Saudi supply disruption and escalating Middle East risks jolted energy markets. Traders are watching whether support near 99.500 holds as volatility threatens both upside breakouts and sharp reversals.

WTI and Brent oil rallied sharply as traders priced in heightened risk around key Middle East shipping routes following the seizure of Mokha on the Red Sea. Natural gas attempted to rebound despite a larger-than-expected weekly storage build in the latest EIA data.

The U.S. Dollar Index pushed higher as traders weighed a stronger than expected Initial Jobless Claims reading and a sharp oil rally tied to rising Middle East tensions. EUR/USD weakened after soft Euro Area Retail Sales, while USD/JPY climbed as Treasury yields rose.