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WTI and Brent Oil bounce with US-Iran news still awaited – What's next? Intraday Analysis
WTI and Brent Oil update: Energy markets navigate complex supply dynamics as the ongoing pricing of a US-Iran peace deal fuels a frantic equity rally. While stock markets surge, crude oil faces a massive disconnect between real-world physical demand and futures pricing, marked by steep backwardation and regional supply shortages in Asia. Explore an intraday technical analysis of WTI and Brent, outlining scenarios for potential breakouts or breakdowns.
by Elior Manier
Oil_Production
OrganisationOPEC_Oil_Production
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