Oil prices fall as Trump urges OPEC to lower prices

By X-blogger - on January 24, 2025

Oil fell 1% after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum. Uncertainty over how Trump’s proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices.

The Oil-Dollar pair corrected downwards in the last session, falling 0.2%. The ROC’s is giving a positive signal.
Support: 73.795 | Resistance: 77.185

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