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Crude oil prices will continue to fall

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Crude oil has been in a downward and volatile trend recently, and the increase in U.S. crude oil production has eased the market shortage. Although the Palestinian-Israeli conflict has played a certain role in raising oil prices, major oil-producing countries in the Middle East such as Saudi Arabia and Iran have not participated in the war and have not jointly reduced production. OPEC+ has reduced production many times since last year, So Middle East oil production cuts are less likely.

If the Arab states and Iran are involved in a war, they may jointly implement oil production cuts or embargoes, which will trigger an increase in oil prices.

Crude oil continues to fluctuate downward, trading in the range of 80-84.5
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The short-term target for crude oil is 80
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Crude oil has a chance to rise. Saudi Arabia will cut production
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77.4
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Anthony-Ryan
cloiloilsignalsoiltradingSupply and DemandSupport and ResistanceTrend AnalysisCrude Oil WTIwticrude

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cloiloilsignalsoiltradingSupply and DemandSupport and ResistanceTrend AnalysisCrude Oil WTIwticrude
Anthony-Ryan

Penerbitan berkaitan

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.