Oil Price Forecast: Why Crude May Remain Supported Amid U.S.-Iran Peace Hopes
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Oil prices remain volatile as U.S.-Iran peace hopes reduce the panic premium, but tight inventories, disrupted fuel flows, sticky inflation, and a bullish technical structure keep the broader upside risk alive.
WTI oil eased toward the $100 area as hopes for a U.S.-Iran peace deal reduced the near term panic premium. In my view, this does not remove the bigger bullish risk because tight inventories and sticky inflation continue to support the oil market. This article presents the macro drivers, supply risks and pivotal levels that may define the next move in WTI and Brent crude oil.