WTIUSD

Oil started the week at the center of geopolitical risks. Israel targeting Iran's energy facilities is directly driving prices up by fueling concerns over supply disruptions. For WTI, which is technically holding above the pivot level of 72.040, the flow of geopolitical news will be critical this week. Continued tension could trigger a move towards resistance levels of 74.641 and 78.355. The U.S. crude oil inventory data on Wednesday could also increase volatility in prices.