Crude Oil Rally Continues Despite Weak US Demand
Crude oil prices are poised to continue their two-week rally amid escalating tensions in the Middle East, particularly between Israel and its neighbors, including Lebanon.
Read MoreCrude oil prices are poised to continue their two-week rally amid escalating tensions in the Middle East, particularly between Israel and its neighbors, including Lebanon.
Read MoreOn Tuesday, WTI crude futures approached $79 per barrel, recovering from three-month lows.
Read MoreOil prices are higher after a bullish US crude stocks report, and OPEC+ keeps output cuts in place, as expected.
Read MoreThe upward trajectory remains intact, and the trend of higher highs could persist, with WTI turning the last 80 resistance level into a new support.
Read MoreOil prices dipped on Wednesday, moving away from session highs as investors awaited the Federal Reserve's interest rate policy announcement.
Read MoreOil continues to hover around the 79-80 level, showing a clear uncertainty this week, where the resistance level from the upper parallel of the bearish channel continues to act as resistance.
Read MoreOil is undergoing a slight correction today, extending from last week.
Read MoreFor the second consecutive trading day, crude oil is lingering close to the 78-resistance threshold.
Read MoreRecent market trends indicate a potential reversal in oil prices, with the commodity poised for an upward movement.
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