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Oil prices rise as Middle East tensions and supply risks push WTI toward $100 and Brent above $101.

Market News
03 Jun 2026
FXEmpire
View Source
Bullish
pluang ai news

Oil prices climbed due to renewed Middle East conflicts, with Brent reaching $101.70 and WTI nearing $96.70 amid fears of supply disruptions, especially around the Strait of Hormuz. U.S. crude stock declines and strong technical support levels bolster the rally. If tensions persist, WTI could break $100 and move toward $105-$120, while Brent aims for $125-$135, maintaining a bullish trend as long as prices stay above $80.

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