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Refined Product Strength Drives Oil Prices Higher; Cocoa Market Eases on Improved Supply
The oil market rallied yesterday, boosted by the strength of the refined products market
US sanctions
Articles related to US sanctions
Brent Crude Prices Struggle Amid U.S. Sanctions, Supply Concerns, and Tariff Fears
- Brent crude oil prices are under pressure due to new US sanctions on Iran, potential increases in Iraqi oil exports from Kurdistan.
- US Consumer confidence recorded its worst print in 3 years weighing on market sentiment.
- Technical analysis shows the 100-day moving average is acting as significant resistance around the 75.32 level for Brent crude oil.
The Commodities Feed: Lingering supply risks in the oil market despite a weak start to the week. Geopolitical tensions in the Middle East play a crucial role in shaping the short-term outlook
