Oil jumps nearly 3% after OPEC+ delays output hike

By X-blogger - on November 5, 2024

Oil prices climbed nearly 3% on OPEC+’s decision to delay plans to increase output by a month, while the market braced for a critical week in which Americans will elect a new president. Brent futures were up 2,8%.

The Oil-Dollar pair gained 1.1% in the last session after rising as much as 1.7% during the session. The Williams indicator indicates an overbought market.
Support: 68.966 | Resistance: 73.286

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