Oil prices extend gains, lifting Brent crude towards $80

By X-blogger - on October 8, 2024

Oil prices rose more than 3%, with Brent surpassing $80 per barrel for the first time since August, as the increased risk of a region-wide Middle East war jolted investors out of record bearish positions amassed last month.

The Oil-Dollar pair exploded 4.5% in the last session. The CCI indicates an overbought market.
Support: 72.8667 | Resistance: 74.2667

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