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Brent Oil Price Surges Past $72, Eyes $73.80 Next

by Yuki

Brent crude oil prices closed strongly yesterday, surpassing $72.00 and suggesting further bullish corrections in the short term. The next target is set at $73.80, with a potential extension to $75.24 if this level is breached. To sustain this upward trend, prices must maintain levels above $72.00.

Today’s expected trading range is between $71.30 as support and $74.30 as resistance.

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