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Oil prices stabilize as US-Iran ceasefire supports WTI at $73.70 and Brent at $77.55; natural gas eyes $3.32.

Market News
23 Jun 2026
FXEmpire
View Source
Neutral
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Oil prices have stabilized with WTI crude defending $73.70 and Brent crude holding at $77.55 amid an 11-week US-Iran ceasefire that has eased geopolitical tensions and allowed tanker traffic through the Strait of Hormuz. Natural gas futures are bullish at $3.272, showing strong upward momentum with a target near $3.32. The easing of energy supply risks has also moderated gold and silver prices, though demand remains supported by central bank purchases and industrial use. Traders are advised to watch key support and resistance levels as markets balance between neutral and bullish momentum.

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