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Oil prices stabilize as US-Iran ceasefire eases geopolitical risks; natural gas eyes breakout above $2.93.

Market News
15 May 2026
FXEmpire
View Source
Neutral
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Oil prices showed stability with WTI crude dipping to $98.75 and Brent holding at $107.32 following a US-Iran ceasefire that has lasted over a month, reducing the geopolitical risk premium. The ceasefire has allowed tanker traffic through the Strait of Hormuz to improve, shifting market focus to supply and demand fundamentals, supported by strong US production and OPEC+ policies. Natural gas futures rebounded to $2.934, testing resistance levels and signaling potential for a breakout. Market watchers are closely monitoring inventory data and upcoming OPEC+ meetings as the ceasefire remains fragile and could impact prices if disrupted.

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