Oil up from 7-week lows

By X-blogger - on August 1, 2024

Oil prices rose more than 4%, rebounding from seven-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed a drawdown in U.S. crude stockpiles driven by robust exports.

The Oil-Dollar pair exploded 4.3% in the last session. The ROC is giving a positive signal.
WTI/USD exploded 4.3% in the last session.
The ROC is currently in the positive zone.
Support: 74.5633 | Resistance: 77.2833

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