Oil drifted sideways today—WTI closed down 13 cents at $83.40, Brent slipped 42 cents to $88.10. Not much drama, just tight range trading between $82.25-$83.78 for WTI and $87.26-$88.75 for Brent.
Geopolitical noise stayed muted. Axios reported Iran might be warming up to talks again, but the market barely blinked. Meanwhile, Treasury's Bessent is turning up the heat with "Operation Economic Outcast"—fresh sanctions hitting UAE branches of Egypt's Banque Misr, Iran's Bank Melli Dubai office, and a Hong Kong shell company.
For now, crude's stuck in neutral. No panic, no euphoria—just waiting for the next catalyst.
Geopolitical noise stayed muted. Axios reported Iran might be warming up to talks again, but the market barely blinked. Meanwhile, Treasury's Bessent is turning up the heat with "Operation Economic Outcast"—fresh sanctions hitting UAE branches of Egypt's Banque Misr, Iran's Bank Melli Dubai office, and a Hong Kong shell company.
For now, crude's stuck in neutral. No panic, no euphoria—just waiting for the next catalyst.