Oil News: Crude Oil Futures Volatile Near $100 as Strait Crisis Hits Oil Outlook
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Oil Teeters Near $100 as Strait of Hormuz Standoff Puts the Ceasefire at Risk
WTI crude oil prices swung more than $26 in a single week, hit $117.73, crashed to $91.05, and are now hovering near $100 with Trump warning Iran to “stop now” or face consequences. The ceasefire is hanging by a thread, the Strait of Hormuz is still largely closed, and one wrong move could send prices surging again. Here is what happened this week, what the charts are saying, and what traders need to watch going into next week.