Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens

By X-blogger - on October 16, 2024

Oil prices tumbled more than 4% to a near two-week low due to a weaker demand outlook and after a media report said Israel would not strike Iranian nuclear and oil sites, easing fears of a supply disruption.

The Oil-Dollar pair dove 1.0% in the last session. The MACD is giving a negative signal.
Support: 67.122 | Resistance: 73.662

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