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Commodities

Oil Prices Retreat on Latest Headlines as Key Support Levels Come into Play

Guavy AI Editorial Team
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Oil
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The price of WTI Crude Oil has retreated towards $90 support as Brent Crude Oil tests $100, with additional support at $95 and a potential rebound putting $110 back into focus.

According to technical analysis, the daily price chart shows that WTI is pulling back to 93.54 after testing upper resistance levels.

Market expert Donald Trump has suggested that he is still willing to talk to the Iranians, which has given some hope for crude oil prices, but it's been stretched anyway.

The market has fallen early on Monday and is moving on the latest headlines, making things very difficult due to its erratic nature.

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