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Crude Oil Price Forecast – December 16, 2024

Crude oil prices are displaying a slight bearish bias, approaching the key support level at $70.58. For the bullish trend to remain valid, the...

Brent Oil Price Forecast – December 16, 2024

Brent crude oil prices are currently showing some bearish sentiment, but the market is awaiting positive momentum that could help resume the expected bullish...

European Stock Markets Edge Higher Ahead of ECB Decision

European stock markets showed slight gains on Thursday, as investors awaited the European Central Bank's (ECB) final monetary policy decision for 2024. At 03:20...

Brent Oil Prices Reach Target – Forecast for 12-12-2024

Brent oil prices surged higher yesterday, successfully reaching the anticipated target of $73.90. The price is now testing the potential to break through this...

Crude Oil Prices Hit Target – Forecast for 12-12-2024

Crude oil prices successfully reached the anticipated target of $70.58 and are currently consolidating near this level. The outlook remains bullish, with expectations for...

Crude Oil Price Faces Bearish Pressure After Testing Key Resistance: Forecast for December 10, 2024

Crude oil prices tested the key resistance level at $68.64, but failed to break through, resulting in a bearish bounce. This supports expectations for...

Brent Oil Price Posts Intraday Gains, Faces Potential Bearish Pressure: Forecast for December 10, 2024

Brent oil prices continued their upward movement yesterday, surpassing the $72.06 level and reaching the $73.00 barrier. However, the 50-period Exponential Moving Average (EMA50)...

Crude Oil Price Forecast: Bearish Trend Continues

Crude oil prices have been hovering around the $68.64 mark since the morning of December 5, 2024, as the market awaits a breakout to...

Brent Oil Price Forecast – November 7, 2024

Brent oil prices are showing a bearish bias as they test the $75.36 level, which is a critical point for the continuation of the...

Crude Oil Price Faces Strong Resistance – Forecast for November 6, 2024

Crude oil prices are currently fluctuating around the 72.15$ level, where strong resistance is being encountered. The market is waiting for a positive catalyst...

8 OPEC+ Members Extend Voluntary Oil Output Cuts by One Month

VIENNA: Eight member countries of the OPEC+ oil-producing group announced on Sunday that they will extend their voluntary output cuts by one month, continuing...

What Causes High Oil Prices?

Oil prices play a significant role in shaping the global economy. As a key resource for industries, transportation, and energy, fluctuations in oil prices...

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