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Crude oil prices on Monday started with a gain following the news of Iranian President Ebrahim Raisi’s death in a helicopter crash and Saudi Arabia’s Crown Prince Mohammed bin Salman’s visit to Japan being delayed due to the king’s illness. In early Monday trading, the price of Brent crude rose to $84.2 per barrel (bbl), while crude oil also increased to ...
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video Crude oil has been sitting in an interesting position recently as it has been consolidating up against resistance around the 200-Day MA for two weeks. The significance of the 200-Day line was increased today as the purple 20-Day MA has fallen to converge with the 200-Day line. Together, the two lines represent a formidable near-term resistance zone ...