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WTI traded near $70 and Brent near $72 as both contracts sat on their 52-week moving averages after a sharp fall from earlier war-driven peaks. Traders were watching inventory data, payrolls and OPEC+ output ahead of a holiday-shortened week.
Technical support near $68 to $70 and the possibility of renewed Hormuz disruption set the near-term range for crude. Energy costs for feed transport and fertilizer will follow that range.
fxempire.comJames HyerczykJun 29, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
