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Crude Oil Price Hits Target – Market Forecast for February 24, 2025
Crude oil prices continued their downward movement, successfully reaching the anticipated target of $70.30, where they are currently consolidating. The price is exerting negative...
Crude Oil Price Hits Target – Forecast for February 17, 2025
Crude oil prices have successfully reached the anticipated target of $70.30, finding solid support at this level. However, the price has returned to the...
Brent Oil Price Reverses Negative Trend: Positive Outlook for February 11, 2025
Brent crude oil prices saw a notable surge yesterday, breaking through the $76.00 mark. This movement effectively nullified the negative influence of the head...
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Oil Prices Set for Third Straight Weekly Fall Amid Tariff Concerns
Oil prices experienced daily gains on Friday but are still on track for a third consecutive weekly...
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What Plastic Is Safe for Gasoline?
Gasoline is a highly flammable and volatile substance that requires careful handling and storage. The materials used...
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How Long Can You Keep Petrol in a Plastic Container?
Storing petrol (gasoline) for future use is something many individuals and businesses may need to do. Whether...
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Crude Oil Price Completes Negative Pattern – Forecast for January 22, 2025
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Crude oil price has confirmed a break below the $77.53 level, settling with a daily close beneath it. Upon analyzing the chart, it is...
Brent Oil Price Approaches Target – Forecast for January 22, 2025
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Brent oil price continued its downward movement yesterday, nearing the target of $78.39, which corresponds to the 38.2% Fibonacci retracement level of the recent...
Oil Prices Rise on Supply Fears, Rate Cut Speculations
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Oil prices climbed on Friday, heading for a fourth consecutive weekly gain, fueled by growing concerns over tighter supply following U.S. sanctions on Russian...
Oil Prices Rise on Positive Chinese Economic Data, Easing Middle East Tensions Limit Gains
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Oil prices saw modest gains in early trading on Friday, supported by stronger-than-expected Chinese economic data, but geopolitical developments in the Middle East capped...
Oil Prices Set for Third Consecutive Weekly Gain Amid Rising Winter Fuel Demand
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Oil prices rose in early Asian trade on Friday, poised for a third consecutive week of gains, driven by increasing fuel demand due to...
Crude Oil Price Surpasses Initial Target, Eyes Further Gains
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Crude oil prices have successfully reached the first target of $72.15, marking a significant milestone in the ongoing bullish trend. As of today, the...
Crude Oil Price Breaches Key Resistance – Market Outlook for 30th December 2024
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Crude oil prices have opened today with strong bullish momentum, successfully breaking above the key resistance level at $70.58. This breach suggests the activation...
Oil Prices Rise on China Stimulus Measures and US Stockpile Decline
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Oil prices surged on Thursday, driven by expectations that China’s new stimulus measures could boost demand, alongside a report showing a continued decline in...
Oil Prices Edge Higher on China Stimulus and U.S. Stockpile Decline
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Oil prices inched up on Thursday during thin holiday trading, supported by expectations of additional fiscal stimulus in China and a projected decline in...
Brent Oil Price Faces Temporary Pressure, Sideways Movement Expected – Forecast for Today – 24 December 2024
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Brent oil prices experienced a decline yesterday, reaching the 72.06 support level, before rebounding to trade around the 73.00 mark. The price may test...
Crude Oil Price Rebounds, Cancels Negative Formation – Forecast for December 23, 2024
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Crude oil prices have rebounded after approaching the $68.60 mark, effectively canceling the previously anticipated double top pattern. This upward movement now sets the...
Brent Oil Price – Sideways Movement Expected – Forecast for December 23, 2024
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Brent oil prices have reached a near-term high, coming close to the previously targeted 72.06 USD level, before bouncing upwards towards the 73.90 USD...