Brent: Geopolitical tensions lift Oil prices – Deutsche Bank

💡 DMK Insight

Brent’s recent gains highlight a critical response to geopolitical tensions, and here’s why that matters: Rising geopolitical risks, particularly concerning Iran, often lead to increased volatility in oil markets. Traders should be aware that Brent’s price movements can be influenced by not just supply and demand fundamentals but also political narratives. With President Trump’s comments following his meeting with Israel’s Prime Minister, we might see further fluctuations as markets react to perceived threats or diplomatic shifts. This could affect not only Brent but also related assets like WTI and energy stocks. Look for key resistance levels in Brent; if it breaks through recent highs, it could signal a sustained rally. Conversely, if tensions ease or if there’s a diplomatic breakthrough, we might see a pullback. Keep an eye on the daily charts for any breakout patterns or reversals, and monitor news cycles closely for any sudden developments that could sway market sentiment.