From Investing.com: 2025-06-12 04:26:00

Oil prices surged 5% on trade deal hopes with US-China, but tensions with Iran and weak nuclear talks pose conflict risks and price spikes. OPEC+ supply shortfalls and falling US inventories hint at a possible crude shortage. WTI crude nears $70 per barrel, aiming for $72 supply zone with support level at $65. Subscribe to InvestingPro for actionable trade ideas and market insights. Trade deal uncertainty persists amid geopolitical pressures, impacting oil markets. US-Iran talks face challenges, potential for military conflict. OPEC+ struggles to meet production goals, raising concerns about global crude supply. WTI crude oil prices show bullish momentum, targeting $72 level with support at $65. Subscribe to InvestingPro for market analysis and investment opportunities.



Read more at Investing.com: Crude Oil: Uptrend May Extend on Cautious Trade Deal Optimism, Supply Risks