West Texas Intermediate (WTI) crude oil started the week on a bullish tone, climbing to $65.25 per barrel during early European trading β up from Fridayβs close of $64.85.
Meanwhile, Brent crude oil is holding steady, trading around $67.60, showing a stable energy market with no immediate signs of volatility.
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Whatβs Driving Oil Prices Higher?
Positive risk sentiment returns as global markets respond to easing trade tensions.
Energy demand remains firm despite macro uncertainty.
Traders are positioning ahead of this weekβs US inventory data and geopolitical headlines.
π What Traders Should Watch
Technical levels on WTI point to short-term bullish continuation if momentum holds. Watch for resistance zones above $66.00 and potential pullbacks near $64.70.
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