West Texas Intermediate (WTI), the benchmark for US crude oil, saw a modest uptick in price on Wednesday, trading around $68.75. This increase comes amid ongoing uncertainty surrounding the US…
Oil Price
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Crude oil prices experienced a positive rally yesterday, briefly reaching the anticipated target of $70.58. However, the upward momentum was short-lived, as prices sharply reversed course and dropped towards the…
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Brent crude oil prices experienced significant downward movement in recent trading sessions, breaking through the $72.85 support level and reaching $72.06. This drop suggests a bearish outlook in the near…
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West Texas Intermediate (WTI) crude oil prices are showing signs of downward momentum, with the commodity testing key resistance at the $70 per barrel mark. Currently, WTI is shifting focus…
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Crude oil prices have continued their downward trajectory, reaching the negative target of $68.64 outlined in previous technical analysis. However, the price has since stabilized at this level, showing signs…
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Brent crude oil prices experienced significant downward pressure yesterday, falling below the $73.90 mark and reaching as low as $72.75, suggesting the potential for further declines in the short term.…
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WTI crude oil recently broke through the resistance of its descending triangle pattern, signaling the possibility of a rally. This breakout suggests a potential price movement of around $9, which…
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Crude oil prices extended gains last Friday, climbing to $71.55. However, the market is now encountering bearish pressure, with prices gravitating toward a critical support level at $70.58. Holding above…
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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…
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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…