WTI Crude Oil Price Volatility Continues Amidst Middle East Tensions

The price of WTI Crude Oil has been volatile in recent sessions, surging to nearly $92.50 as anxiety over rising tensions in the Middle East grew.

However, as the weekend approached and news from Iran and the U.S calmed down, WTI Crude Oil's price began to pull back, eventually ending near $89.495 by Friday evening.

This downturn was attributed to large traders' understanding of past events and their reaction to the situation, rather than a sudden change in fundamentals or supply routes.

With calm conditions expected to prevail over the coming hours, WTI Crude Oil may test its support levels on Monday's opening, potentially creating a window for calmer air to enter the thinking of traders.