Oil prices rally 3% as US hits Russian oil with tougher sanction

By X-blogger - on January 13, 2025

Oil prices rallied nearly 3% to their highest in three months as traders braced for supply disruptions from the broadest U.S. sanctions package targeting Russian oil and gas revenue. Joe Biden’s administration imposed fresh sanctions targeting Russian oil producers, tankers, intermediaries, traders and ports.

The Oil-Dollar pair skyrocketed 2.9% in the last session. The MACD is giving a positive signal.
Support: 70.298 | Resistance: 80.978

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