Oil settles down on Florida fuel demand worries

By X-blogger - on October 14, 2024

Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida. Brent crude oil futures settled down 0.45%.

The Oil-Dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.
Support: 72.672 | Resistance: 76.992

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