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Crude Oil Weekly Chart: Price Rebounds from Support, Eyeing Resistance Near $66.66–$70

CRUDE OIL was closed on weekly higher levels after testing the low level of $61.91 in the same weekly trading session as WTI crude rose 1.1% on Friday to settle at $65.70 per barrel, marking its largest weekly gain in over three months, up more than 4%. The rally was driven by escalating geopolitical tensions, as Ukraine’s drone strikes on Russian energy infrastructure prompted Moscow to curb diesel and gasoline exports, creating supply shortages in several regions.