Talking Points
US Crude Oil falls after Saudi Arabia cuts prices
Technical Analysis Weekly Chart
Technical Analysis 8-Hour Chart
Crude Oil prices ended 2023 with 3 months of consecutive declines, prices fell from a peak of $95 in September 2023 down to $70.75 today, a drop of almost 25% in price, shrugging off all the extra premiums resulting from the current political risks, and taking the markets back closer to its standard supply and demand dynamics.
09-01-2024 01:03 GMT
by Moheb Hanna
