WTI crude oil is approaching a potential bullish volatility breakout above the key $102.54 resistance level as fading US-Iran peace prospects and prolonged Strait of Hormuz disruptions continue to tighten global energy supplies. Oil remains one of 2026’s top-performing asset classes, with WTI futures up 42% since late February. Technical indicators including bullish candlestick formations, suggest further upside risks towards 108 before 116/119.
12-05-2026 11:29 GMT
by Kelvin Wong