WTI $90 downside odds ease as US-Iran ceasefire talks begin in Pakistan
· flowframe Pulse
The probability of WTI crude hitting a $90 floor this month pulled back after high-level diplomatic negotiations opened in Islamabad to resolve the Strait of Hormuz blockade. While a recent 5.4 million barrel inventory build initially pressured prices, traders are now less certain of a deeper retracement to $90 as the ceasefire remains fragile and geopolitical risk premiums persist.
85¢ → 77¢ • Vol: $0.9M