Brent crude oil prices briefly reached $75.36 per barrel but encountered significant resistance at that level, prompting a bearish correction. The price now appears poised to test the critical support…
Oil Price
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West Texas Intermediate (WTI), the benchmark for US crude oil, hovered around $68.95 per barrel on Thursday, showing little movement as a mix of factors weighed on the market. A…
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Crude oil prices experienced downward pressure yesterday, revisiting the critical support level of $68.64. Maintaining consolidation above this threshold is essential to sustaining a bullish trend in the near term.…
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Brent crude oil encountered solid resistance at $73.90, prompting a bearish rebound to test the 50-day exponential moving average (EMA50), which now provides significant support at $73.10. Analysts emphasize the…
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Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…
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Brent crude oil prices reached $73.90 but encountered significant resistance at this level, as market participants await a positive catalyst that could propel prices higher. A successful breach of this…
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WTI crude oil prices have gained momentum following a rebound from the support zone around $66.85 per barrel. The price is now approaching a critical zone in the middle of…
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Brent crude oil prices saw a robust rally on Monday, breaking past the $72.06 mark to reach highs near $73.90. This upward movement signals a potential shift from the recent…
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Brent crude oil experienced significant losses last Friday, breaking below the $72.06 mark to edge closer to the anticipated target of $70.65. This downward trend reinforces forecasts of continued price…
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Crude oil prices recently tested the $68.64 mark, but faced significant resistance from the 50-period Exponential Moving Average (EMA), causing a decline. Currently, prices remain below this level, reinforcing the…