Oil $60.90

 Here’s the latest oil price context based on market data and news —  “Oil $60.90”, that’s roughly in line with recent benchmark levels:

📊 Current Crude Oil Prices (approximate)

WTI (U.S. benchmark) — around $58–$59 / barrel recently, not far below $60.90. 

Brent (global benchmark) — around $63–$64 / barrel. 

Different data feeds vary slightly in real time, but overall WTI has been trading just below the $60–61 range. 

🛢️ What’s Driving the Price Around ~$60–$61?

Geopolitical & supply factors

Oil prices have been rising due to tensions in the Middle East, especially Iran-related supply risk, which adds a geopolitical risk premium. 

Concerns about potential Iranian export disruptions are supporting prices. 

Supply changes

Incoming Venezuelan crude exports to the U.S. are increasing supply, which has helped keep WTI prices relatively subdued compared to Brent. 

📈 Market Sentiment

Analysts see continued volatility with prices oscillating near major technical levels like ~$60 for WTI. Breaking above it convincingly could signal further upside; failing to hold it may lead to downward pressure.