Crude oil futures settles at $69.00 ...Middle East

The modest pullback followed reports of a ceasefire agreement between Ukraine and Russia covering the Black Sea. However, broader supply concerns remain intact, particularly after former President Donald Trump threatened to impose 25% tariffs on U.S. imports from countries purchasing Venezuelan oil — a move aimed at major buyers like China, India, and Spain. Venezuela remains a significant U.S. supplier, accounting for 226,000 barrels per day last week.

Looking ahead, further upside requires not only a sustained move above the 200-bar MA but also a break above the 38.2% retracement of the decline from the January 2025 high — which stands at $71.13. From a technical standpoint, clearing that level is the minimum threshold needed to shift the bias more convincingly in favor of the bulls.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about crude oil futures settles at 69 00 was published today ( Tuesday 25/03/2025 - 10:18 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Crude oil futures settles at $69.00 )

Also on site :

• Suspect in Mississippi synagogue fire laughed as he confessed to his dad, authorities say
• Fire crews and Hazmat teams responded to fire involving lithium ion batteries at Higuera Street facility
• No injuries reported after partial building collapse in the Bronx, officials say