From Investing.com: 2024-07-10 04:59:00

Oil prices, previously on the rise, are expected to decline due to geopolitical tensions easing and cracks in OPEC+ production cuts. Hurricane Beryl’s impact appears limited, with minimal damage to oil infrastructure. Talks for a truce in Gaza offer hope for Mideast stability, reducing upward pressure on prices.

Following a double peak formation, WTI crude oil prices are trending downward towards $80 per barrel, with a potential drop to $73. Sellers breaking through this support could lead to further declines. Summer discounts on subscriptions offer AI-powered stock picks starting at $8/month to level up investing strategies.



Read more at Investing.com: 3 Reasons Oil Prices Are Getting Ready to Break Below Critical Support at $80