Crude oil strategy today, Oct 29: Short the rally; WTI resistance at $70

Quick Summary:

Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.

Its crude oil demand has weakened and is a bearish factor for oil prices.

Israel's retaliatory strike hit key military and air defence targets in Iran, avoiding the oil, civilian, and nuclear targets that would have likely sparked a new strike by Iran on Israel.

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Category: BusinessFinance

Markets: IndiaChinaIsrael

Topics: Oil price today Markets Oil price outlook Oil prices Commodity prices Oil prices in focus Oil Recession Business standard Oil news oil update Commodity news Wti crude oil Us Commodity trading Iran Israel Oil price strategy Wti crude oil price

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Published On: 2024-10-29 @ 11:01:42 (2 weeks ago)

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