|Day's range||67.11 - 67.15|
The Energy Word Founder Daniel Dicker discusses the rebound of oil futures amid the ongoing banking crisis and details the technical aspects that are effecting ongoing price shifts.
(Bloomberg) -- Oil held the biggest daily rally since October as a disruption to supply from Turkey added to easing concerns over the banking crisis.Most Read from BloombergFBI Releases Files on Ivana TrumpSchwab’s $7 Trillion Empire Built on Low Rates Is Showing CracksBinance and Its CEO Sued by CFTC Over US Regulatory ViolationsSaudi National Bank Chair Resigns After Credit Suisse RemarkWest Texas Intermediate futures traded near $73 a barrel after jumping more than 5% on Monday. A legal dispu
Brent crude futures dropped 30 cents to $77.82 a barrel by 0312 GMT. "Though risks remain in the banking system amid the recent event, dip-buys in crude oil could be the prevailing trend in the near term," said Tina Teng, an analyst at CMC Markets. Prices rose in the previous session after Turkey stopped pumping crude from Kurdistan via a pipeline following an arbitration decision that confirmed Baghdad's consent was needed to ship the oil.