Argus
•
Aug 26, 2026
Technical Assessment: Bullish in the Intermediate-Term
Intermediate Term
Long Term
Summary
Crude oil (WTI) has declined to near $80/barrel, and Brent oil to $84/barrel as the U.S. announced that it has shifted toward economic sanctions against Iran rather than military action. Will this work? We have been at war for six months and much longer than most expected, so
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