Post #16028

Oil Is Popping Off Again. Back In The Range Oil is pushing back toward $96, reclaiming ground after a sharp pullback. Price remains elevated and reactive—this is still a headline-driven market with wide swings. The bid in oil is coming back as confidence in a near-term deal fades. Mixed signals out of the U.S. and Iran are keeping uncertainty high, while military escalation risks continue to build. Even with talks ongoing and deadlines being pushed out, the reality is the Strait of Hormuz remains a bottleneck, and supply risk is still very real. That’s why crude is still up significantly since the conflict began. Until there’s clear de-escalation, oil stays supported. Every failed headline or escalation risk keeps a floor under prices. - Alan