Crude Oil Escalation Risk Builds as Momentum Stretches

WTI crude oil's breakout above seven-month resistance turned that former ceiling into the support line now dividing escalation from de-escalation. Razan Hilal, CMT, StoneX Media Market Analyst, walks through the WTI crude oil, Brent crude and XLE energy sector ETF charts from Dubai. The BRICS summit call for maximum restraint has not removed the security premium in the energy complex, with an unresolved U.S. Iran situation and transit risk through the Strait of Hormuz still in the frame. Rate hike expectations and AI security concerns are capping risk appetite alongside it. The XLE energy sector ETF holds above an 18-year resistance turned support on the monthly chart. 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 Oil Keeps Risk Capped 00:32 - WTI Ceiling Turns Into Floor 02:01 - Overbought Momentum Warning 03:42 - Brent Stalls at Confluence 06:09 - XLE Energy Divergence Builds 07:14 - 18 Year Support Under Test 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 #CrudeOil #StoneX #RazanHilal