Crude oil prices fluctuate amid Iran tensions and weather impact
pre-market1 source ↓written by the desknot a recommendation
- are trading
- $61.18
- after peaking
- 0.18%
- after peaking
- $61.71
- 200-day moving average of $60.51
- lower levels
- $59.80
Light crude oil futures are trading at $61.18, down 0.18% after peaking at $61.71. Key support is at the 200-day moving average of $60.51; failure to hold may see prices test lower levels at $59.80 and $58.34. The market remains in a "buy the dip" mode with potential upside towards $62.20 and $64.75 if momentum builds.
Not investment advice. For informational purposes only.