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
Dow Jones Forms Bearish Head and Shoulde...
June 02, 2025
Market Insights
Gold Soars to $3,085 Amid Trade Tensions...
March 29, 2025
Market Insights
AUD/USD struggles to escape bearish pres...
October 29, 2024
Market Insights
Gold price sits near near one-week top a...
November 19, 2024
Market Insights
Gold rises as USD drops to three-year lo...
June 26, 2025
Market Insights
Dow Jones Momentum Surges Bulls Push Bey...
June 25, 2025
Market Insights