WTI crude oil remains volatile as prices whipsaw above $110 amid shifting US–Iran ceasefire expectations and Trump’s latest rhetoric. After breaking above $102.25, oil surged toward $116 before reversing, highlighting fragile sentiment. Prediction market sees a higher chance of a ceasefire by June rather than April, keeping geopolitical risk elevated. The bullish trend remains intact, but key support at $102.25 is critical to sustain further upside.
06-04-2026 10:10 GMT
by Kelvin Wong