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Crude oil prices volatile amid Middle East missile conflict, US calls for ceasefire.

Market News
08 Jun 2026
FXEmpire
View Source
Neutral
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Crude oil prices have been highly volatile due to missile exchanges between Israeli and Iranian forces in the Middle East. The US is urging both sides to stop hostilities, which has tempered market reactions. Analysts see $85 as a support level and $100 as resistance for oil prices, expecting sideways trading in the near term despite ongoing geopolitical risks. Supply shortages later this year remain a concern, but short-term price swings will likely be driven by news flow.

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Borralha Project drilling confirms high-grade tungsten zones, advancing development and exploration in Portugal.

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XRP price rises 4% amid market rebound, eyeing potential 20% gain if resistance breaks

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Gold nears $4,020 support as U.S. retail sales data could shift Fed rate outlook this week.

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