Crude Oil Analysis
Oil eased on Friday after a rally the previous day, but prices remained set for a second straight weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption if Israel attacks Iranian oil sites.On the supply side, Libya's National Oil Corporation (NOC) said on Thursday it has restored production close to levels before the country's central bank crisis, reaching 1.22 million barrels per day.
LEVEL’S
Current Price: 75.70
Bearish Scenario: If CRUDE Falls Below $75.20
Potential Support Levels:
* $74.70
* $74.20
•$73.70
Bullish Scenario: If CRUDE Sustains Above $76
Potential Targets:
* $76.50
* $77
* $77.50
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