Political unrest and supply issues cause the price of crude oil to increase. Oil prices traded higher Monday, recouping some of last week’s heavy losses on heightened geopolitical tensions and
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Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could
Crude Oil (light sweet) Technical Analysis: Weekly Chart In the weekly charts, the Crude oil index is trading in a down channel. Crude oil is currently trading below all SMA.
Brent Price Development & Key Influences: The war between Russia and Ukraine and concerns that a potential global recession would reduce demand affected the price of international benchmark Brent crude