WTI Crude Oil futures rallied on Hormuz tensions.
WTI Crude Oil futures pushed higher amid heightened volatility, trading within a wide $5.50 intraday range. Market attention focused on elevated geopolitical tensions near the Strait of Hormuz and potential shipping disruptions, alongside a historical weekend effect that often introduces price uncertainty. After hitting weekly lows on Tuesday, prices recovered toward the upper end of the weekly range around $85.50, reflecting ongoing volatility across the energy complex.
WTI Crude Oil futures pushed higher amid heightened volatility, trading within a wide $5.50 intraday range.
Market attention focused on elevated geopolitical tensions near the Strait of Hormuz and potential shipping disruptions, alongside a historical weekend effect that often introduces price uncertainty.
After hitting weekly lows on Tuesday, prices recovered toward the upper end of the weekly range around $85.50, reflecting ongoing volatility across the energy complex.