Why Crude Oil Slid While Middle East Tensions Kept Building

The crude oil pullback from monthly highs is running ahead of the headlines, as WTI and Brent ease while Middle East tensions stay unresolved. Razan Hilal, StoneX Media Market Analyst, breaks down the daily charts for WTI and Brent crude alongside the long-term picture in the energy sector ETF. Momentum on both crude benchmarks has rolled over from overbought territory last seen earlier in 2026, while the energy sector ETF has slipped back below an 18-year resistance level that capped higher highs from 2008 onward. The same map carries an escalation route, with U.S. midterm elections shaping the near-term narrative across energy markets. 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 Slips as Risk Calms 00:29 - WTI Stalls at Reversal Zone 01:49 - The De-escalation Path Lower 03:31 - Midterms Enter the Oil Trade 04:01 - Brent Rejects Its Monthly Cap 06:50 - Energy ETF Loses 18-Year Line 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 #OilPrices