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Crude Oil Forms Bullish Inverse Head & Shoulders Near Major Support – Eyes on $70 Resistance

CRUDE OIL was closed on Friday at weekly higher levels after testing the low level of $ 62.10 in the last weekly trading session as WTI crude oil futures ticked higher by 0.2% to settle at $63 per barrel on Friday, booking their first weekly gain in three weeks as geopolitical tensions and supply dynamics kept markets volatile. The conflict in Ukraine added uncertainty after Russia launched new airstrikes and Ukraine struck a refinery and a key oil pumping station, disrupting deliveries through the Druzhba pipeline.