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home / news releases / BNO - Oil Prices Fall As Gaza Talks And Hurricane Beryl Take Center Stage (Technical Analysis)

BNO - Oil Prices Fall As Gaza Talks And Hurricane Beryl Take Center Stage (Technical Analysis)

United States Brent Oil Fund LP ETV

2024-07-08 22:15:00 ET

Summary

  • Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations.
  • OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue?
  • Technical analysis suggests key support and resistance levels to watch for future price movements.

By Zain Vawda

Oil prices have retreated sharply since printing a fresh high on Friday. Gaza ceasefire talks and Hurricane Beryl touching down in Texas, are the major talking points at the start of the week....

For further details see:

Oil Prices Fall As Gaza Talks And Hurricane Beryl Take Center Stage (Technical Analysis)
Stock Information
Company Name: United States Brent Oil Fund LP ETV
Stock Symbol: BNO
Market: NYSE
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