Crude Oil Price Analysis – Oil Continues to See Headlines Cause Havoc

FXEmpire · last updated May 26, 2026 – 7:11 PM

The light sweet crude oil market has gapped lower to kick off the trading session here on Tuesday, but you can see that we did in fact turn right back around as traders are pricing in the fact that there was a raid in a port by the Americans and the Iranians of course are furious. So, with this being the case, I think we just stay in the same range overall, perhaps bouncing all the way to the $110 level over time, assuming that we get more bad news, and one would have to be honest here, we probably will.

Brent Crude Oil Technical Analysis

here today, more tomorrow

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