West Texas Intermediate crude oil has climbed back above $97 per barrel as tensions between the United States and Irancontinue with no clear timeline for resolution.
Geopolitical uncertainty in the Middle East is once again pushing energy markets higher.
🎯 The next key level traders are watching: $100 per barrel.
If tensions escalate or supply fears grow, oil could reach that level very quickly.
⚠️ Oil spikes often trigger volatility across global markets from stocks to safe-haven assets like Gold and even Bitcoin.
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--> When oil moves this fast, macro markets usually follow. Traders should keep a close eye on the next breakout.