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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Oil prices surged to new highs as Israeli forces crossed the Litani River and designated the Zahrani River as the new combat zone boundary. According to reports, Brent crude reached $93.33 per barrel, while WTI hit $89.88. This geographic expansion of the ground operation against Hezbollah has significantly heightened geopolitical risk premiums as markets react to the deepening regional conflict.
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Sign InThese gains coincide with market anticipation of U.S. inventory data, following an API report showing a crude stock draw of 2.8 million barrels per market data on May 27, 2026. Investors are also monitoring the performance of energy majors like Exxon Mobil and Chevron, which typically react to crude volatility driven by Middle East tensions, particularly concerning the safety of vital shipping lanes.
Looking ahead, traders are focused on the U.S. Core PCE Price Index release scheduled for May 28, 2026, which could impact dollar strength and commodity pricing. With Brent crude at $93.33 (close May 27, 2026), price levels will likely be dictated by ground developments in southern Lebanon and any official statements issued during upcoming regional press conferences.