WTI Crude Oil: Geopolitical Tensions Push Prices Above Key Resistance with Bullish Technical Patterns, August 18, 2026
Over the past three trading days, WTI Crude Oil rallied from about $82.4 to $84.5, signaling a strong uptrend. The market momentum is largely driven by escalating US-Iran geopolitical tensions, which have stoked fears of supply disruptions and pushed crude to multi-day highs. For average investors, this translates into a volatile but potentially profitable environment influenced heavily by geopolitical risk premiums. WTI is currently navigating a technical and fundamental crossroads, as the market appears to be establishing a new pricing equilibrium amid ongoing unrest in the Strait of Hormuz and global supply concerns.


