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Oil climbs up by over 2% but still poised for a weekly drop

WTI crude itself is up roughly 2.5% to $85.28 as oil is seeking a rebound towards the end of the week. The low this week nearly touched the $82 level, where we also saw price find a rebound at the start of the month:The tensions in the Middle East are still somewhat persisting, even if they haven't quite yet escalated this week. There's still lingering uncertainty and that is likely helping to keep oil underpinned for now.And more so ahead of the weekend, where traders might be afraid of the sit... Read More

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Posted: Oct 27 2023, 10:17

Author Name: forexlive

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