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WTI Crude Oil Weekly Forecast: Faces Volatility due to Middle East Tensions and Hurricane Milton
However, it was not only Middle East saber rattling that kept traders in WTI Crude Oil nervous last week, Hurricane Milton which hit the Gulf of Mexico and then walloped Florida was a factor too. Supply and demand remain a vital part of WTI Crude Oil trading, but anxiousness via the combination of Middle East rants and U.S weather certainly helped create the rather wide price realms seen last week. WTI Crude Oil Middle Ground The value of WTI Crude Oil found a rather comfortable technical middle ground going into the weekend. Perhaps large players in the commodity believed 75.650 thereabouts, presented a good resting ... (full story)