Commodities▲ Bullish
WTI Crude Oil Hits $112.84 as Geopolitical Tensions Mount
Crude oil surged past its 20-day moving average following a breach of $102.25. Markets now brace for upcoming Trump remarks and US-Iran ceasefire talks.
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West Texas Intermediate (WTI) crude oil futures demonstrated significant volatility, successfully breaching the $102.25 per barrel resistance level. The commodity concluded trading on Thursday, April 2, 2026, at $112.84, marking a decisive move above its 20-day moving average ahead of the Easter holiday break.
The recent upward momentum in oil prices arrives amid heightened market anticipation regarding geopolitical shifts. Traders are closely monitoring upcoming remarks from Donald Trump as well as emerging reports concerning potential ceasefire negotiations between the United States and Iran. These developments have introduced substantial uncertainty into energy markets, contributing to the recent price swings observed in WTI CFD tracking.
How this story was producedLast reviewed Apr 6, 2026
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.
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