Tag: Impact of geopolitical events on oil prices

The WTI crude oil futures settled at $69.39, showing a slight increase of $0.23 or 0.33%. This price is technically closing above its 200-hour moving average, which is a positive sign for the buyers....

Crude Oil Futures are currently experiencing a bearish trend, with prices falling steadily in recent weeks. The market has been respecting a long-term descending resistance line on the weekly chart, indicating that bears are...

Crude Oil Futures Settle at $68.65: Market Update and AnalysisThe world of foreign exchange trading is a complex and high-risk environment that requires careful consideration before diving in. With the potential for significant gains...

Brent Oil Price Outlook: China and OPEC+ Production Growth ImpactThe oil market continues to face challenges as the price of a barrel of Brent oil dropped to $71.80 USD by Tuesday. This decline came...