WTI holds gains near $64.50 on supply concerns, Indian demand boost

💡 DMK Insight

WTI oil’s rise to around $64.50 is driven by supply worries tied to US-Iran tensions, and here’s why that matters right now: With geopolitical risks flaring up, traders should keep an eye on how these tensions could disrupt oil supply chains. The market’s sensitivity to news from the Middle East is palpable, and any escalation could push prices higher. If WTI breaks above $65, it could trigger more buying, while a drop below $63 might signal a bearish reversal. Additionally, these developments could ripple through related markets, like energy stocks and even broader commodities, as investors reassess risk exposure. Watch for any news updates that could shift sentiment quickly—these are the moments that can lead to significant volatility. But here’s the flip side: if tensions ease or if the US ramps up production, we could see a swift correction. So, keep your charts handy and monitor those key levels closely. The next few days could be pivotal for oil traders looking to capitalize on these fluctuations.