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Crude oil prices remain volatile amid Middle East conflict uncertainty, hovering near $110 for WTI and $115 for Brent.

Market News
01 May 2026
FXEmpire
Neutral
pluang ai news

Crude oil markets are experiencing volatility as traders await clarity on a potential ceasefire extension in the Middle East, with Iranian counterproposals adding to uncertainty. WTI crude is testing resistance around $110, with support expected near $100, while Brent crude is fluctuating near $115, facing resistance and possible support at $105 and $100. The market is overextended in the short term, suggesting a potential pullback unless positive news emerges. Overall, investors are cautious ahead of the weekend, leading to choppy price movements.

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