Crude Oil Surges from Major Support Levels as Bulls Eye 200 MA Resistance and Beyond

CRUDE OIL was closed on weekly higher levels after testing the low level of $ 55.11 in the last weekly trading session as WTI crude oil futures rose more than 3% to settle at $64.4 per barrel on Thursday, marking the second consecutive session of gains, as new US sanctions on Iran’s oil exports had stoked fears of tighter global supply. The restrictions focused on Iran’s oil sector and a China-based refinery, escalating pressure on Tehran amid nuclear tensions.

Recent News

Silver Price Forecast: Bullish Reversal...

March 04, 2025

Market Insights

GBP/JPY surged past 194.00 mark , next h...

March 25, 2025

Market Insights

GOLD FOMC

December 18, 2024

Market Insights

Gold 1 Hour Chart Analysis Bullish Break...

March 17, 2025

Market Insights

WTI Crude Oil Breaks Key Support, Extend...

April 08, 2025

Market Insights

DOW JONES ANALYSIS

February 05, 2025

Market Insights

Ana

Cross-Asset Analyst & Trainer

Varun Sharma

Senior Strategist

VJ Yadav

FX Strategist

Bot Window | Bot Window