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Oil just doesn't want to correct with persistent Ceasefire uncertainty – WTI Technical analysis

WTI Oil Update: Crude Oil remains on edge as initial relief from a two-week US-Iran ceasefire quickly fades. After a sharp gap lower from $118 to $92, WTI Crude is grinding back above the critical $100 level amid conflicting diplomatic narratives and headline-driven volatility. Explore an intraday technical analysis of the commodity as traders navigate a fragile geopolitical landscape.

09-04-2026 14:55 GMT by Elior Manier

Markets Today: Reality check hits markets as ceasefire fragility weighs, US PCE data in focus

The initial euphoria over the US-Iran ceasefire is replaced by caution as reports of potential breaches and Strait of Hormuz concerns cause European equities to retreat. Brent crude claws back ground to $97/bbl, suggesting an inflationary surge is "baked into" upcoming data and keeping two ECB rate hikes priced in.

09-04-2026 09:34 GMT by Zain Vawda