Crude Oil Prices Stall Near $90 Amid Weekend Middle East Tensions

Crude oil prices have pulled back from their recent rally after traders became cautious ahead of the weekend due to potential geopolitical risks in the Middle East. The WTI crude oil price is hovering around $89.50, while Brent crude has retreated from its previous high near $100.

The key psychological barriers of $90 and $100 are causing profit-taking among market participants, with some traders reducing their positions over the weekend to avoid unexpected moves when trading resumes on Monday.