Oil prices jump on prospect of widening Mideast war curtailing global supply

By X-blogger - on August 13, 2024

Oil prices jumped by more than 3%, rising for a fifth consecutive session on expectations of a widening Middle Eastern conflict that could tighten global crude oil supplies.

The Oil-Dollar pair skyrocketed 3.7% in the last session. According to the CCI, we are in an overbought market.
WTI/USD skyrocketed 3.7% in the last session.
The CCI points to an overbought market.
Support: 76.7567 | Resistance: 77.4767

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