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Crude oil prices hover near key EMAs amid Middle East tensions and market uncertainty.

Market News
30 Jul 2026
FXEmpire
View Source
Neutral
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Crude oil prices for Brent and WTI are trading near their 50-day and 200-day exponential moving averages (EMAs), reflecting market caution amid ongoing geopolitical tensions in the Middle East. The market is closely watching developments between the U.S. and Iran, which are influencing oil supply concerns and price volatility. Despite some attempts at rallying above key levels like $85 for WTI and $87 for Brent, prices have pulled back and remain volatile. Investors are awaiting clearer signals on the geopolitical situation to determine the next price direction.

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