USOIL Weekly Conclusion

Wait 5 sec.

USOIL Weekly ConclusionWTI CRUDE OILTVC:USOILFXELUFrom the USOIL price, it is in the tension because of the geopolitical situation. Above the 93 point, it can increase till 117.5 point, which is increasing the global inflation, under 93 point, 80 level is the target. From fundamental, The Middle East war where Israel and Iran is involved also America, makes the oil price higher, also Iran is manipulating with Hormuz Bay and Iran strikes also the oil trackers in middle east region which makes also lack of supply on the market and it makes the oil price high, also trump try to decrease the oil price artificially, and he made many manipulations on the market.