Oil: Volatile price action on ceasefire uncertainty – ING

ING’s Ewa Manthey and Warren Patterson note that NYMEX WTI and ICE Brent are up around 2% after sharp volatility around $100/bbl as markets react to conflicting US‑Iran ceasefire signals. ING’s Ewa Manthey and Warren Patterson note that NYMEX WTI and ICE Brent are up around 2% after sharp volatility around $100/bbl as markets react to conflicting US‑Iran… ING’s Ewa Manthey and Warren Patterson note that NYMEX WTI and ICE Brent are up around 2% after sharp volatility around $100/bbl as markets react to conflicting US‑Iran ceasefire signals. ING’s Ewa Manthey and Warren Patterson note that NYMEX WTI and ICE Brent are up around 2% after sharp volatility around $100/bbl as markets react to conflicting US‑Iran ceasefire signals. They highlight rising US crude inventories, mixed product balances, and ongoing Middle East disruptions, which are keeping European gas prices elevated and tightening seaborne crude flows to Asia.Geopolitics and inventories drive crude"Oil prices were volatile on Wednesday, trading on either… For traders, this matters because commodity headlines often feed directly into inflation expectations, sector rotation and currency pricing. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.