WTI crude oil futures settle at $71.20 ...Middle East

Technically, the price remains between its 100-day moving average below at $70.65 and its 200 day moving average above at $72.69. The 50% midpoint of the move down from the 2025 high to the 2025 low comes in at $71.00.

Fundamentally, the eight OPEC+ members who initiated momentary output cuts will be meeting on Thursday. However, sources indicate that OPEC+ is not expected to alter its current plan to gradually raise oil production starting in April.

Ukraine/Russia continue to point the finger at each other for violations of the peace agreement. Pres. Trump said today that he believes Russian Pres. Putin is stalling and may look to impose additional sanctions .

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

Hence then, the article about wti crude oil futures settle at 71 20 was published today ( Tuesday 01/04/2025 - 09:47 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.

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