WTI Crude Pulls Back from $113 Peak on Exhaustion Signals Post-Hormuz Rally

WTI crude (WLDOIL) shows short-term exhaustion after topping at $113.43, retreating into consolidation with supports at $105.61, $101.36, and the 20-day MA near $99.30 amid overextended rally signals. The explosive 23% surge from April 17 lows near $82/bbl was fueled by US Hormuz blockade, failed Iran talks, and UAE's OPEC+ exit on April 28, propelling prices above $110 and Brent to $126 before pullback. Technicals flag vulnerability below key MAs toward $91-$93, with headline-driven volatility persisting on 13-20% global supply risks.