Oil Prices Remain Volatile Amid Ongoing Middle East Tensions

The price of Brent Crude Oil is currently at $97.41 and faces resistance near $100, above its 50 EMA (89.56) and 200 EMA (85.07). This level has been a barrier for the market as it forms an ascending triangle.

The situation in the Middle East is likely to have a significant impact on oil prices due to ongoing conflicts in Tehran, Washington D.C., and Tel Aviv.

CPI numbers will be released on Friday, which may provide insight into whether the Federal Reserve will tighten its monetary policy next week.