U.S. Hits Empty Oil Tanker Heading to Iran (Video)

The US strike on an empty oil tanker heading to Iran could partially constrain oil supply, potentially driving prices higher. As an oil producer, BP may benefit from the price increase. However, with the RSI near 68 and the MACD remaining below its signal line, there is a risk of a slight short-term correction. A modest price increase is expected within 1-3 days, but a gradual recovery rather than a sharp move is likely.

The news may increase geopolitical risks, triggering concerns over oil supply. Although OXY stock has risen 2.8% in the last 24 hours, the RSI remains neutral at 54, and the MACD continues to stay below the signal line. The price is trading just below the 20-day moving average (54.06), which could create short-term resistance. While geopolitical tensions often cause volatility in energy stocks, the impact of such events may be limited and temporary. In the short term, a bearish trend appears more likely.

The news could heighten geopolitical risks, raising concerns about a short-term disruption in oil supply. Although CVX shares have risen 3.9% in the last 24 hours, the RSI at 62 is approaching overbought territory. The MACD has fallen below the signal line, indicating possible weakening momentum. This technical weakness, combined with the uncertainty created by the news, may trigger profit-taking in the near term. Therefore, the stock faces a potential pullback.

Although the news increases the risk of supply disruptions, technical indicators suggest weakness. The price is trading below the 20- and 50-day moving averages, and the RSI is at 45, below the neutral zone. The MACD line remains below the signal line, indicating negative short-term momentum. Despite geopolitical risks, the deterioration in the technical structure supports a bearish trend. However, a potential bounce driven by the news should not be ruled out.