Snapshot: WTI Crude is trading at $91.10, down 1.51% on the session, driven by easing of immediate Hormuz Strait concerns following President Trump’s comments. Today’s catalyst is the 10:00 ET JOLTS Job Openings figure, potentially influencing risk sentiment.
- Watch for a break below $90.17 (day low) to confirm further downside.
- Geopolitical tensions regarding US-Iran talks and developments in Lebanon remain a key risk factor, capable of triggering a sharp reversal.
Bias into NY: Expect continued pressure on WTI, targeting $90.00, barring any surprise escalation in Middle East tensions; DXY strength is adding to the bearish tone.