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Fundamental Analysis Posted 3 hours ago

Oil Rallies on Geopolitical Tensions; $100/bbl Test Fails

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Crude oil attempted to break above $100/barrel during Asian trading following US-Iran tensions and Saudi facility attacks, but failed and retreated to $97/bbl in European hours. Fresh reports of Kharg Island explosions triggered a second rally attempt. Geopolitical supply risk remains the primary driver; traders should monitor further escalation and crude's ability to sustain moves above key resistance.
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