January 30, 2026 WTI Crude Oil Midday Analysis
Midday WTI fluctuated narrowly between $64.2 and $64.8, after spiking to $66 overnight and then retreating. As the monthly close approaches, the bulls and bears are engaged in intensified battles. In the short term, the market continues to oscillate and consolidate, with a breakout awaiting guidance from the European session.
Driving factors for the rally: Tensions between the US and Iran escalated, with the US deploying aircraft carriers to the Middle East, and Iran's Revolutionary Guard on high alert. Markets fear supply disruptions and potentia
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