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Crude Oil Faces Key Support at $60 Amid Downtrend Resistance Holds Strong Near $80 as Bears Dominate the Market

CRUDE OIL was closed on Friday at Weekly higher levels after testing the low level of $ 65.32 in the last trading session as WTI crude futures traded added 0.3% to settle at $68.3 per barrel on Friday, marking their second consecutive weekly gains with a 1.64% increase, driven by new U.S. sanctions on Iran and a fresh OPEC+ plan to cut output among seven members.