Crude Oil (WTI)

Neutral

Archived analysis from Aug 10, 2026, 3:34 AM

Key insight

77.80 sits mid-range: $75.10 demand zone held last week; $80 round number blocks upside until Hormuz resolves.

Bouncing to $77.80 after >7% weekly crash — Hormuz headline risk caps both direction.

Main risk

Strait of Hormuz Resolution

Iran-Oman deal confirmation could flood supply premium out, targeting $73–$74 range quickly.

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