
WTI slipped from $90 and Brent from $100 on Friday as traders reduced positions ahead of the weekend. The Monday open could see a gap depending on Middle East headlines.
Light sweet crude oil slipped from the $90 level on Friday, giving back some of the week's gains. Brent crude also retreated from the $100 mark after a sharp rally.
Traders said the pullback reflected profit-taking ahead of the weekend. The Middle East remains a source of sudden headline risk, and several participants chose to flatten positions rather than carry them through the break. "You never know what comes out of that region over a weekend," one crude trader said. "Some people just want to reset on Monday."
The retreat left WTI roughly in the middle of the range that has held since the conflict escalated. The $90 area had been tested earlier in the week but failed to attract follow-through buying. The price action suggests the market is waiting for the next trigger, traders said.
Brent's rejection at $100 was not unusual after a straight rally. The round number acted as a psychological barrier. Follow-through buying was absent, and the level may need multiple tests to break, one analyst said.
Monday's Asian open could see volatility if weekend headlines emerge. A quiet news flow would likely keep prices in the current range. Any military escalation could trigger a gap higher. The next scheduled data point is Wednesday's US crude inventories report.
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