Oil Prices Recover Amid Attacks in Strait of Hormuz

Attacks in the Strait of Hormuz are increasing the risk of supply disruption, creating a geopolitical premium and supporting the Brent price. The price is above the SMA20 (91.19) and the 24-hour change is positive, with short-term momentum showing a mild recovery trend. However, the MACD remains in negative territory and the SMA50 (93.30) is acting as resistance, suggesting the upside may remain limited. The RSI is at 52, neutral; there is no overbought pressure, leaving room for a news-driven reaction. Since the continuity of geopolitical headlines is uncertain, confidence should be kept at a moderate level.

Attacks in the Strait of Hormuz are increasing the risk of supply disruption, creating a geopolitical premium and supporting WTI. The price at 86.43 is above the SMA20 (85.74) but stuck below the SMA50 (87.26). RSI at 51 is in neutral territory, while MACD is negative but above the signal line, giving a slight recovery signal. An upward reaction is possible in the short term, but resistance at 87.26 is critical; a break above would strengthen momentum. Volatility may remain high as it depends on the news flow.

Attacks in the Strait of Hormuz are supporting crude oil prices by increasing the geopolitical risk premium for oil supply, which is a positive near-term catalyst for integrated energy companies like XOM. However, the stock has fallen 2.4% in the last 24 hours to 164.47, and its weak momentum with an RSI of 36, MACD remaining below the signal line, and price trading below the SMA20/SMA50 indicate that the technical picture is still under pressure. A recovery in oil prices could trigger a short-term rebound, but unless the SMA20 (165) and SMA50 (171) resistances are surpassed, the upside may remain limited. I maintain moderate confidence due to the volatility of geopolitical news flow and the fact that supply disruptions have not yet been confirmed.

Attacks in the Strait of Hormuz are increasing oil supply risk and pushing crude oil prices higher; this is a positive near-term catalyst for integrated energy companies such as Chevron. However, the stock is down 2.3% over the past 24 hours at 211.26, with an RSI of 38.6 placing it in weak momentum territory, while MACD remains in negative territory. With the price just below SMA20 and clearly below SMA50, the technical picture remains under pressure. The oil rally may have limited pass-through to the stock; if it establishes sustained trading above the 211-212 band, a recovery could gain momentum. Overall, the news flow is positive, but confidence is moderate due to technical weakness.