WTI consolidates below $72 amid US-Iran tensions

The post Crude Oil fades another war spike as the ceasefire dies its daily death appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours. The escalation premium built off the $68.00 base earlier in the week is still intact on paper, and Friday’s tape is eating it in real time, on a day when the news flow should have paid sellers to stay home. A war that no longer clears the headline bar The raw material of a supply scare is all present and accounted for. US forces have struck Iranian targets more than 170 times in two days, Tehran has fired ballistic missiles at a base in Jordan and attacked commercial vessels around the Strait of Hormuz, and tanker traffic through the chokepoint has slowed to a trickle while hundreds of stranded ships await clearance. President Trump repeated on Friday morning t

The post WTI price holds near $72 as US-Iran talks offset Hormuz supply risks appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Oil trades around $72 at the time of writing on Friday, up 0.42% on the day, but remains in a consolidation phase after reaching a more than two-week high earlier this week. Investors are assessing mixed signals from the Middle East, balancing ongoing military tensions against renewed diplomatic efforts. Market sentiment improved slightly after a US official confirmed that technical talks with Iran remain ongoing despite US President Donald Trump’s comments that the memorandum of understanding with Tehran was no longer in effect. Reuters also reported that Qatari negotiators are in Iran to meet with Iranian officials in an effort to de-escalate tensions and create conditions for broader negotiations to continue, in coordination with the United States (US). According to a source cited by Reuters, the talks are focused on implementing the US-Ira

China's helium export ban exacerbates global supply chain vulnerabilities, impacting semiconductor and AI industries amid geopolitical tensions. The post China temporarily bans helium exports amid US-Iran tensions, threatening chip and AI supply chains appeared first on Crypto Briefing.

The post Why are Oil prices taking a breather after rallying earlier this week? appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Oil futures on NYMEX trade slightly lower to near $71.50 during the European trading session on Friday. The Oil price extends its correction after posting a fresh over two-week high at $75.73 on Wednesday. The black gold has come under pressure amid signs of de-escalation in the restart of the war between the United States (US) and Iran. Earlier in the day, a US official confirmed that technical talks with Iran continued, despite President Donald Trump declaring that the memorandum of understanding (MoU) with Tehran is over. US President Trump also said late Wednesday that he had a conversation with Iran, adding that the nation wants the deal badly. However, he doesn’t believe that Iran would honor the deal, CNBC reported. Meanwhile, the downside in oil prices will likely remain limited, as the exchange of attacks between the US and Iran are

The post WTI Forecast: Retakes $72, bulls eye 23.6% Fibo and 200-day EMA appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges higher during the Asian session on Friday, stalling the previous day’s retracement slide from the vicinity of a three-week high. The black liquid reclaims the $72.00 mark during the Asian session and remains on track to register weekly gains for the first time in the previous five. From a technical perspective, the recent recovery move from the lowest level since February, touched last week, faltered near the 23.6% Fibonacci retracement level of the May-July downfall earlier this week. Moreover, Crude Oil prices remain below the 200-day Exponential Moving Average (EMA), keeping a bearish near-term tone amid mixed momentum indicators. In fact, the Moving Average Convergence Divergence (MACD) has turned positive and advances above its signal line, hinting at an ongoing corrective bounce. However, the Relativ

The disruption in the Strait of Hormuz highlights vulnerabilities in global oil supply chains and may accelerate crypto adoption amid sanctions. The post Shipping through Strait of Hormuz drops sharply amid US-Iran tensions, pushing oil past $100 and sparking crypto workarounds appeared first on Crypto Briefing.

The post WTI Price Forecast: Rejection at the 200-day SMA keeps bears in control appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) crude Oil edges lower on Thursday, erasing all of the previous day’s gains as traders reassess the supply risks stemming from renewed US-Iran tensions. At the time of writing, WTI is trading around $71.75, down 3.77% on the day. Crude Oil prices surged earlier this week after the United States and Iran exchanged military strikes, raising fears that shipping through the Strait of Hormuz could once again face disruptions. However, markets see the latest flare-up as unlikely to escalate into a full-blown war and expect shipping through the Strait of Hormuz to continue to recover. From a technical perspective, Thursday’s decline follows a rejection at the 200-day Simple Moving Average (SMA) near $73.35, which acts as immediate resistance. WTI also remains well below the 100-day SMA around $86.91, suggesting sellers retain the upper hand despite

Escalating US-Iran tensions could disrupt trade routes, spike oil prices, and intensify crypto market scrutiny amid heightened sanctions. The post US military strikes hit Iran’s Konarak port city as crypto markets brace for oil-driven volatility appeared first on Crypto Briefing.