Brent Oil Surpasses $93 on Geopolitical Tensions

Brent crude oil prices rose above $93 per barrel, driven by US military operations and escalating geopolitical tensions around the Strait of Hormuz. This increase has reignited supply concerns in the markets. According to weekly data released by the American Petroleum Institute (API), US crude oil inventories decreased by 9.1 million barrels. This decline further highlighted supply tightness in the market, exerting upward pressure on prices. In addition to geopolitical risks, the contraction on the supply side may keep Brent oil at elevated levels in the short term. Investors continue to closely monitor developments in the region and inventory data. This is not investment advice.

📊 BRENT — Piyasa Yorumu

▼ down · 60%

Although the headline suggests that geopolitical tensions have driven prices above $93, technical indicators point to short-term weakness. The latest close was at $92.00, with a 1.6% decline over the past 24 hours. The RSI at 44 is below the neutral zone, indicating weakening momentum. The MACD line is below the signal line and in negative territory, confirming continued selling pressure. While the price is just above the 20-day moving average ($91.96), it remains below the 50-day moving average ($93.78), increasing the likelihood of a short-term correction.

RSI 14

44.1

MACD

-0.34

24h Δ

-1.60%

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