Category archives: Fuel Oil

Weekly Oil Report 16/01/24

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Oil Market: Is the U.S. Dollar Leading the Way?

In the last couple of weeks, we have been analyzing various scenarios and factors that could impact crude oil prices.   We emphasized the crucial support level at 100 for the U.S Dollar Index. A breach of this level would indicate a bearish trend. Historically, such a development has been bullish for oil, as both …

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