Crude oil futures settle at $66.71 ...Middle East

President Trump’s decision to accelerate the deadline for a Russia-Ukraine truce — now just 10–12 days — fueled fears of further sanctions on Russian energy exports, raising supply risk.

Meanwhile, escalating sanctions on Russia by the EU, along with potential OPEC+ moves to pause output increases this fall, added to the bullish sentiment. Gains were somewhat capped by a stronger dollar and rising global crude inventories.

Technically, the price moved back above its 200-hour moving average. That moving average currently comes in at $66.26. Staying above that level would keep the buyers more in control at least in the short-term. The high price today reached $67.02. Getting above that level would be more bullish, and have traders targeting a topside channel trendline near $67.88.

This article was written by Greg Michalowski at investinglive.com.

Hence then, the article about crude oil futures settle at 66 71 was published today ( Monday 28/07/2025 - 09:53 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 settle at $66.71 )

Also on site :

• Human heads displayed at Ecuador tourist beach in warning to gangs
• Nazi salutes and drug cartels: Dutch mercenary recounts service with Kiev’s military
• Macy’s Valley Fair shoppers thwart Rolex watch thieves