LONDON (Reuters) – There is Investor scepticism over the latest OPEC+ decision on supply cuts and global
Oil prices they continued to fall on Monday due to uncertainty over fuel demand, although the risk of supply disruptions from Middle East Rivers capped losses.
– (OPEC) and oil-bearing partners, jointly known as OPEC+, on Thursday
Brent crude futures were down $1.10, or 1.4%, at $77.78 a barrel by 0921 GMT. The West Texas Intermediate crude futures fell $1.09, or 1.5%, to $72.98.
“OPEC+’s decision continues to put pressure on crude oil.” oil market analysis (NASDAQ:VNDA) said Vandana Harar, founder of Insite.
Political parties are coming together again as fighting resumes in Gaza. US Army on Sunday said three merchant ships were attacked in international waters in the southern Red Sea.
Washington on Friday imposed additional sanctions on three entities and three oil tankers.
Oil has fallen due to demand fears and doubts over cuts by OPEC+.
Crude oil has a support of 6000 and a resistance of 6250–6400. Crude oil level 6000
If it breaks then we may get to see levels of 5900–5800.
Commodity Samachar
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