FX.co ★ bradtke.owen | CL/Crude Oil

CL. The price of "black gold" type Crude Light Sweet Oil continues to fluctuate around the $100 per barrel mark. Today, sellers have tried to drop below this round horizontal level several times. Although there are no significant prerequisites for oil to cheapen at the moment. I mean the situation with military actions in the Middle East. News outlets are reporting on Iran's attacks on the UAE. Of course, such actions do not in any way contribute to price reductions. So I expect further trading of the OILUSD pair around the mentioned level of 100.00.