Crude Oil Prices Dip as Hurricane Rafael Impact Fears Ease in US Gulf
Crude oil prices fell as Hurricane Rafael’s impact on US Gulf oil production diminished.
Easing Hurricane Fears Weigh on Crude Oil Prices: Expert Insights
Reduced hurricane concerns lowered crude oil prices.
Expert Trading Tips and Analysis for Crude Oil, Gold, Silver, and Natural Gas
- Crude Oil Trading Tips: Sell oil futures.
- Gold Trading Tips: Monitor gold prices.
- Silver Trading Tips: Watch for breakout above $18.50.
- XAUUSD Trading Tips: Buy on dips.
- Natural Gas Trading Tips: Track weather forecasts.
Key Market Data:
- Crude oil prices fell 2% to $79.50/bbl
- US Gulf oil production restarts
- Hurricane Rafael downgraded
Market Outlook:
The current market sentiment is bearish for crude oil.
Technical Analysis: Crude Oil Prices
- Support levels: $78.50, $77.00
- Resistance levels: $81.00, $82.50
Trading Strategies for Crude Oil Amid Weather Uncertainty
Investors track weather updates.
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Additional Sections:
Impact of Hurricane Rafael on US Gulf Oil Production
How to Trade Crude Oil and Other Energy Commodities Amid Uncertainty