Oil is now heading for its third consecutive weekly gain.
The global oil market is tightening due to reduced supply from key exporters like Russia and Iran, as well as a surge in demand for heating fuels.
Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
Looking at the technical charts, oil prices are very tenacious, as if they are building firmer foundations in preparation for a subsequent breakout to the upside.
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Oil Prices Escape Downward Channel
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