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Oil prices steady as US-Iran ceasefire holds; WTI at $103.69, Brent $110.69, NatGas eyes $3.20

Market News
20 May 2026
FXEmpire
View Source
Bullish
pluang ai news

Oil prices remain stable with WTI crude bouncing to $103.69 and Brent holding at $110.69 amid a US-Iran ceasefire that has lasted over seven weeks, easing geopolitical risks. Natural gas futures surged to $3.109, showing strong momentum and expected to reach $3.20. The ceasefire has improved tanker traffic through the Strait of Hormuz, balancing supply and demand concerns. Traders await US inventory data and OPEC+ updates, with market volatility likely if the truce ends prematurely.

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