Crude Oil Rally Falters Amid Prolonged Disruptions

The recent surge in crude oil prices has lost momentum as much of the immediate risk has been priced in and markets adapt to prolonged disruptions.

Escalating Middle East supply risks, including attacks on tankers and Saudi energy infrastructure, had driven prices above $100.

Physical markets remain tight, so another supply shock could quickly revive the rally. However, without fresh escalation, the failure to extend above resistance suggests the near-term risk/reward is becoming less favorable for oil bulls.