Crude Oil Price Forecast – WTI and Brent Chop as Strait of Hormuz Standoff Continues
FX Empire·2026-08-18 21:49

The Brent market looks very much the same, although it is making a new swing high, and the market has been basically recovering in a V-shaped pattern recently. Any flare-up at this point in time, one would think more likely than not drives up the price of oil, but that remains to be seen as well.After all, traders have been all over the place in this market, and traditionally, this is a fairly quiet time of year. There’s a very real possibility that some are just staying off to the sidelines as the chaos th ...

Crude Oil Price Forecast – WTI and Brent Chop as Strait of Hormuz Standoff Continues - Reportify