Brent crude oil prices drop on demand fears

By X-blogger - on April 29, 2025

Brent crude oil prices fell as economic worries from the U.S.-China trade war were pressuring demand. The U.S.-China trade war is dominating investor sentiment in moving oil prices, superseding nuclear talks between the U.S. and Iran and discord within the OPEC+ coalition.

The Oil-Dollar pair plummeted 2.0% in the last session. The Stochastic-RSI is giving a positive signal.
Support: 58.859 | Resistance: 64.89

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