PARTNERS

INSTITUTIONAL

24/7 SUPPORT

Download App

Market Insights > Daily Market Analysis New

Oil Prices Consolidate as Hormuz Disruptions Offset Stronger Dollar Pressure

Published: 14 May 2026,09:01

Daily Market Analysis New

Tags:

Share on:

Table of Contents show

Key Takeaways

*Oil prices remain supported by ongoing Strait of Hormuz disruptions

*Falling U.S. crude inventories reinforce supply-tightening concerns

*Stronger US dollar limits upside momentum in crude prices

*Markets closely monitor U.S.–China meeting and U.S.–Iran developments

Market Summary

Crude oil prices continued to consolidate, with oil trading near a one-week high as ongoing disruptions surrounding the Strait of Hormuz continued tightening global supply conditions. While a stronger U.S. dollar limited some upside momentum in crude prices, the broader market remained supported by persistent geopolitical tensions and signs of tightening inventories.

Recent weekly data from the U.S. Energy Information Administration (EIA) provided additional support for the energy market after both crude oil and gasoline inventories declined by more than expected. The sharper-than-anticipated drawdown reinforced concerns that global supply conditions remain fragile amid ongoing shipping disruptions and geopolitical risks in the Middle East.

Oil prices also remained elevated after Donald Trump and Iran rejected each other’s latest peace proposals aimed at ending the ongoing conflict. Trump described Iran’s latest response as a “piece of garbage” and warned that the current ceasefire remained on “life support,” adding that Iran would either agree to a deal or face severe consequences. Trump also indicated that the United States could restart naval operations as soon as this week to escort commercial ships through the Strait of Hormuz using naval and air support.

Despite the tensions, markets are also watching for potential diplomatic progress. Investors are closely focused on the upcoming U.S.–China meeting in Beijing, where Trump is expected to become the first U.S. leader in nearly a decade to visit China under such heightened geopolitical conditions. The discussions are expected to cover not only future U.S.–China trade relations, but also broader geopolitical issues including the ongoing U.S.–Iran conflict and global energy security.

Market participants believe the meeting could become a critical turning point for global risk sentiment. Any failure to achieve progress could further intensify geopolitical tensions, worsen the global economic outlook, and reignite concerns over energy supply disruptions, potentially driving oil prices higher again.

Overall, crude oil prices remain trapped between opposing forces, with supply disruption risks and geopolitical tensions supporting the market, while a stronger dollar and hopes for diplomatic progress continue to limit aggressive upside momentum.

Technical Analysis

Crude Oil, H4:

Crude oil prices are trading higher after a breakout above the 98.55 resistance level, reinforcing a bullish market structure.

However, momentum indicators are beginning to soften. The MACD is showing diminishing bullish momentum, while the RSI at 54 is forming a bearish crossover, suggesting a potential near-term technical correction.

If selling pressure increases, prices may retest the 98.55 support level, with further downside toward 91.00 if bearish momentum accelerates.

Conversely, if bearish momentum fails to sustain, crude oil may resume its upward move toward the 104.65 resistance level, followed by 110.70 if bullish continuation strengthens.

Resistance Levels: 104.65, 110.70

Support Levels: 98.55, 91.00

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

Start trading with deposits as low as $50 on our standard accounts.
Get access to 24/7 support.
Access hundreds of instruments, free educational tools, and some of the best promotions around.

Join Now

Latest Posts

Wall Street Resilience Amid Hot CPI and Strong NFP

Gold Prices Consolidate as Inflation Pressures Clash With Geopolitical Uncertainty

Fast And Easy Account Opening

Create account

1

Register

Sign up for a PU Prime Live Account with our hassle-free process.
2

Fund

Effortlessly fund your account with a wide range of channels and accepted currencies.
3

Start Trading

Access hundreds of instruments under market-leading trading conditions.

Create account

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of the United States, Canada, Singapore, Australia, Iran, China, the Philippines, North Korea, India, Cuba, Cyprus, American Samoa, Guam, the Northern Mariana Islands, or Puerto Rico. It is also not intended for distribution to, or use by, any person or entity located in jurisdictions listed on the FATF “blacklist” or subject to major global sanctions lists, or in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple entities operating across various jurisdictions. These following entities are authorised to operate under the PU Prime brand and trademarks.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

PU Prime Financial Services LLC is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000388 (Fifth Category: Arrangement and Advice) to conduct introduction and promotion of financial services and financial products. The company’s registered address is The Prime Tower, Office No. 1209, Business Bay, Plot No. 68-0, Makani No. 25836 86879, Dubai, United Arab Emirates.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime Limited is regulated by the Financial Services Authority (FSA) of Seychelles, with License No. SD050 and Registration No. 8426654-1. Its registered office is located at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (Pty) Ltd is a licensed Financial Services Provider (FSP No. 52218) authorised and regulated by the Financial Sector Conduct Authority ("FSCA") of South Africa. PU Prime (Pty) Ltd is neither the issuer nor the market maker of the derivative products made available through the FSP. It acts solely as an intermediary, as contemplated in the Financial Advisory and Intermediary Services Act, 2002 ("FAIS Act"), between clients and PU Prime Ltd (the "Product Provider"), and its services are limited to the provision of intermediary services in relation to derivative products issued by the Product Provider. Accordingly, PU Prime (Pty) Ltd does not act as principal, issuer, market maker or counterparty in any client transaction. Registered Office: 18 Cavendish Road, Claremont, Cape Town, Western Cape 7708, South Africa.

P.U.P. Integrated Services Limited is a company incorporated in the United Kingdom under Company Registration No. 17424116, with its registered address at C/O Greenwoods Legal Services Limited, Queens House, 55–56 Lincoln’s Inn Fields, London, United Kingdom, WC2A 3LJ. P.U.P. Integrated Services Limited provides administrative payment facilitation services on behalf of the relevant licensed entities within the PU Prime Group. It does not offer regulated financial products, provide trading services or hold itself out as a regulated payment services provider.

PU Prime Ltd, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Limited, incorporated in the Republic of Seychelles, is a securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime (CY) Limited is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus. PU Prime (CY) Limited facilitates services for the licensed and regulated entities within the PU Prime Organizational Structure, including but not limited to payment services. These services do not involve the use of any trading terminals.