Crude oil extends to new highs ...Middle East

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Crude oil extends to new highs
The price of crude oil has extended to gain of two dollars and $72.36. That's up 2.77% on the day. The low price was at $70.47. J.P. Morgan Chase CEO Jaime DImon overnight reiterated his concerns about the growing risks of global instability, emphasizing that geopolitics remains the most significant threat to the world economy. Speaking in an interview from India, Dimon warned that geopolitical conditions are worsening with risks from disruptions in energy supply and increasing involvement of other nations in ongoing conflicts.That seems to be contributing to the bullish bias. Looking at the hourly chart, the price low yesterday stalled right near its 200-hour moving average (green line

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