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Crude Oil Price Under Negative Pressure – Forecast for Today (18-12-2024)

Crude oil prices have continued to experience downward pressure, with the price approaching the $69.00 barrier. The market is now eyeing further declines, potentially...

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 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....

Brent Oil Price Struggles to Break Key Level – Forecast for 11-12-2024

Brent oil prices failed to break the $72.06 level, but have shown positive movement at today’s open,...

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...

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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...

Why Is Canadian Oil So Cheap?

Understanding the dynamics of oil pricing is essential for grasping the complexities of the global energy market. Canadian oil, particularly from Alberta’s oil sands,...

What is the Oil Symbol in Trading?

In the world of financial markets, commodities trading plays a critical role in shaping economies and investment strategies worldwide. Among these commodities, crude oil...

How Do You Add Crude Oil to MT4?

MetaTrader 4 (MT4) is one of the most popular trading platforms used by retail traders globally. While it is known primarily for Forex trading,...

What Does Brent Stand For?

Brent crude oil is one of the most significant benchmarks in the global oil market, widely recognized for its pricing and its role as...

Which Crude Oil is the Best in the World?

Crude oil is a vital commodity in the global economy, powering industries, fueling transportation, and serving as a raw material for countless products. However,...

Does OPEC Use Brent or WTI?

The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market, influencing prices, production levels, and even geopolitical...

Which Country Uses the Most Oil Per Day?

The global landscape of oil consumption reflects a complex interplay of economic activity, population density, technological advancement, and energy policies. Oil remains one of...

What Raises Crude Oil Prices?

Crude oil is one of the most critical commodities in the global economy, serving as the lifeblood of energy production, transportation, and various industrial...

What is Brent Oil Trading At?

Brent crude oil is one of the most significant benchmarks for the pricing of oil on the global market. It serves as a reference...

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