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Meanwhile, BofA analysis shows prices could drop to an average of $65 per barrel in 2025, particularly if the Organization of Petroleum Exporting Countries (OPEC) decides to bring barrels back ...
Based on the current price at $69.01, the direction of the October WTI crude oil market today is likely to be determined by trader reaction to the Fib level at $68.46. A sustained move over $68.46 ...
Crude oil markets have fallen during most of the week, only to turn around and find plenty of support.
Crude oil markets recovered during the day on Wednesday, bouncing back towards the 200 day EMA yet again. As the markets recover, it looks as if more of the same is ahead. Crude Oil Price Forecast ...
Crude oil markets rallied to start the week on Monday, as we continue to see a bit of resiliency in this market overall. Helping the situation was a falling US dollar as well.
Crude oil markets fell again on Tuesday, as we continue to see a lot of volatile moves in this sector ahead of the OPEC meetings this week. By the end of the week, we should have an idea as to ...