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Oil prices are soaring as geopolitical tensions escalate in the Middle East

Technical Analysis
By Ahmed Ashraf
Oil prices are soaring as geopolitical tensions escalate in the Middle East
0 3

USOIL

النفط الخام 30-3-2026

Oil trades around resistance area $101, and this area is likely to limit the pace of gains in today’s trading.

Support

 86 75.50
Resistance 101

115

Crude oil prices recorded a strong performance during today’s session, with Brent crude successfully breaking above the $115 per barrel level supported by escalating geopolitical risks in the Middle East, which boosted buying momentum and pushed prices closer to recent highs, while West Texas Intermediate held above the $101 level, reflecting continued short term bullish control

This comes amid growing concerns over potential supply disruptions and the market’s continued disregard for unclear diplomatic signals, keeping prices supported as long as these factors persist, while price movements remain vulnerable to sharp volatility driven by any sudden geopolitical developments

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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