WTI remains stronger near $104 as Trump threats fuel supply fears

💡 DMK Insight

WTI oil’s stability around $103.80 is a signal of heightened supply concerns, and here’s why that matters: With a recent 10% gain, traders should be wary of volatility as geopolitical tensions escalate, particularly with Iran’s threats. This could lead to a supply shock, pushing prices even higher. If WTI breaks above $105, it might trigger further buying, while a drop below $102 could signal a bearish reversal. Keep an eye on related markets like energy stocks and ETFs, as they often react strongly to oil price movements. Also, monitor the broader economic indicators, like inventory levels and OPEC’s production decisions, which could provide additional context for price movements in the coming weeks. But don’t overlook the flip side—if tensions de-escalate, we could see a rapid pullback. Traders should be prepared for both scenarios, especially as we approach key technical levels that could dictate the next move.