Oil climbs on geopolitical tensions

By X-blogger - on June 4, 2025

Oil prices climbed to a two-week high as persistent geopolitical tensions between Russia and Ukraine, and the U.S. and Iran looked set to keep sanctions on both OPEC+ members Russia and Iran in place for longer.

The Oil-Dollar pair gained 0.5% in the last session. The MACD is giving a positive signal.
Support: 60.599 | Resistance: 64.86

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