#wti

Crude Oil (WTI/USOil) trades near $75.45, down 1.26%, as markets continue unwinding the Middle East risk premium ahead of the scheduled US-Iran peace deal signing on June 19. Prices are testing a critical Fibonacci support zone at $75.26 after a sharp multi-session decline driven by expectations of increased oil supply and the reopening of the Strait of Hormuz. Traders are closely watching today’s EIA crude inventories, IEA Oil Market Report, and the Federal Reserve’s policy decision for fresh direction. A break below $75 could expose $70 and $63.21 support levels, while a rebound above $76.50 may trigger a recovery toward $81.50 and $84.72. Crude remains highly sensitive to geopolitical developments, supply trends, and Fed-driven dollar moves.

Wall Street entered FOMC day in a cautious holding pattern as investors awaited Federal Reserve Chair Kevin Warsh’s first policy decision. While markets overwhelmingly expected rates to remain unchanged, attention centered on the Fed’s dot plot and future rate guidance. The S&P 500 hovered near record highs around 7,522, supported by strong economic data, including a robust retail sales report. Meanwhile, WTI crude fell to a three-month low near $75.4 following the US–Iran peace agreement and the reopening of the Strait of Hormuz, reinforcing a disinflationary outlook. Gold extended its rally above $4,340 as easing inflation concerns boosted demand for bullion. In technology, Alphabet remained supported by AI-driven growth initiatives, while Bitcoin and Solana consolidated ahead of the Fed announcement. Treasury yields stayed elevated, reflecting uncertainty over future policy, making Warsh’s press conference the key catalyst for equities, commodities, currencies, bonds, and cryptocurrencies.

Global oil prices are rising and falling daily, and many Saudis and residents are interested in knowing the latest oil prices because they affect the local economy and gasoline prices in the Kingdom. In this report, we review today’s oil prices, Tuesday, June 2, 2026, for the most important crude oils: Brent, WTI, and OPEC crude. According to data from OilPrice.com, here are the latest oil…

Les prix du pétrole augmentent à l’échelle mondiale et baissent quotidiennement, et de nombreux Saoudiens et résidents s’intéressent aux derniers prix du pétrole car ils affectent l’économie locale et les prix de l’essence dans le royaume. Dans ce rapport, nous présent Comparaison des prix — derniers 5 jours Depuis la fin de la semaine dernière, nous observons que les prix du pétrole oscillent…

Oil prices rise globally and fall daily, and many Saudis and residents are interested in knowing the latest oil prices because they affect the local economy and gasoline prices in the kingdom. In this report, we review today’s oil prices, Tuesday, June 2, 2026, for the main crude types: Brent and WTI and OPEC crude. According to data from OilPrice.com, here are the latest oil prices for…