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Oil prices hover near $100 amid Middle East tensions, awaiting news to dictate direction.

Market News
03 Apr 2026
FXEmpire
View Source
Neutral
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Crude oil prices are closely watching developments in the Middle East, particularly around the Strait of Hormuz, with $100 a key support level for both WTI and Brent crude. The market is highly sensitive to geopolitical news, where escalation could push prices higher, while peace talks or agreements could lead to a decline. Technical analysis shows a likely range-bound market until clearer headlines emerge. Investors should monitor weekend news for potential impacts on oil supply and pricing.

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