Brent WTI Spread Hits 11-Year Wall and RSI Hits 2011 Highs

The Brent WTI spread is testing resistance that has held for about 11 years, with monthly RSI at overbought levels last seen in 2011. Razan Hilal, StoneX Media Market Analyst, walks through the Brent and WTI charts and how price reacted each time it reached this zone. Brent crude oil is pressing yearly highs as weekly RSI nears overbought conditions last seen in March 2026. Israel's elections and the U.S. midterm elections may shift the oil premium, toward escalation or toward de-escalation and relief from Strait of Hormuz inflation pressure. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share 00:00 - Crude's Old Ceiling Is Back 00:34 - Brent WTI Spread Tests the Cap 01:27 - Israel, U.S. Votes Test Oil 02:19 - Brent Crude Stretched at Highs 03:34 - Brent Pullback Zones in Focus 04:33 - WTI Joins the Reversal Watch Like and subscribe for more financial market insights. #CrudeOil #BrentCrude #StoneX #RazanHilal --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social