What’s Happening in Energy Markets:
Prices last week in WTI Crude Oil Futures fell 2.7% and closed at $52.50 per barrel.
Last week supply concerns pressured energy markets. Although, after a tanker explosion on June 13 prices and volatility were briefly higher.
Why Tensions in Middle East Matter:
The rising tension in Middle East has impacted the WTI-Brent spread to the upside. Middle East tensions typically have traders buying Brent futures and selling WTI futures.
Energy Futures Technical Levels:
Technical Analysis & Charts & Calendar by TradingView
WTI Crude Oil Futures Chart:
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