Oil Falls, Trump Delays Iran Energy Strike
Oil prices fell in early trading Friday after US President Donald Trump said talks with Iran to end the war were going "very well" and announced a 10-day delay in attacks on Iranian energy facilities until the evening of April 6, 2026, US time. Brent fell US$106.11 per barrel, paring some of the previous day's sharp gains.
Volatility remained high. On Thursday, Brent rose 5.7% and WTI rose 4.6% on concerns about escalation, although front-month Brent contract volumes were reported to be the lowest since February 27. On a weekly basis, Brent headed for its first decline in six weeks, while WTI weakened for a second straight week, as the market placed more weight on the possibility of a de-escalation.
The oil price at the time of this analysis was released was at: $106.55
- Buy if the price moves below $101.55
- Sell if the price moves below $111.55
Resistance 2: $106.67
Resistance 1: $106.61
Support 1: $106.43
Support 2: $102.49
Note:
This article is analytical in nature and is not a definitive reference. Please consider the influence of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id