• Fri, Jun 19, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

19 June 2026 14:35  |

Oil Rebounds Slightly, Eyes on Hormuz

Oil prices edged higher on Friday (June 19) after previously recording a significant weekly decline. Brent rose above US$80 per barrel, while WTI for August delivery hovered around US$77 per barrel. This increase occurred as several oil vessels began to resume movement through the Strait of Hormuz following the interim peace agreement between the United States and Iran.

Market-wise, the current oil rally is still seen more as a technical rebound after sharp selling pressure. Room for price increases remains limited as the market awaits confirmation that shipping flows in Hormuz have truly returned to normal. If oil distribution becomes smoother, prices could potentially come under further pressure. However, if tensions in the Middle East escalate, oil could still benefit from a geopolitical risk premium. (asd)

Oil Price at the Time of Release of This Analysis is at $79.71

- Buy if the price moves to $80.01

- Sell if the price moves to $79.36

Resistance 2: $81.07

Resistance 1: $80.42

Support 1: $79.12

Support 2: $78.47

Note: This article is analytical and not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

Related News

MARKET ANALISYS

Gold Prices Steady Ahead of US CPI Data

Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US infl...

15 January 2025 17:15
MARKET ANALISYS

Silver Pressured as Dollar Strengthens

Silver prices on Tuesday (5/27), pressured by a stronger U.S. dollar and easing demand for safe-haven assets. The dollar rebo...

28 May 2025 01:47
MARKET ANALISYS

Silver prices fall amid positive risk sentiment

Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian...

30 April 2025 13:00
MARKET ANALISYS

Silver Trades Stagnant as US Dollar Rebounds

Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President ...

22 January 2025 01:49
BIAS23.com BIAS23.com NM23 Ai