Bot Window | Bot Window

Crude Oil Rebounds Strongly from Major Support Zone, Eyeing Resistance Near $77 Ahead

CRUDE OIL was closed on Friday at weekly higher levels after testing the low levels $ 56.37 in the same weekly trading session as Oil prices are on track for their strongest weekly gain since June after the US imposed fresh sanctions on Russia’s Rosneft and Lukoil, heightening supply concerns. The two firms handle nearly half of Russia’s oil exports. India plans to cut imports, while the EU added new energy sanctions as Ukraine intensified strikes on Russian refineries and pipelines.