OIL WEEKLY ANALYSIS

CRUDE OIL was closed on Friday at weekly resistance levels after testing the low level of $ 66.98 in the last weekly trading session as WTI crude oil futures surged 1.8% on Friday, settling at $71.30 per barrel, marking its highest close since November 7 and a 6% gain for the week, driven by tightening global supplies and rising fuel demand.

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