U.S. crude oil breaks $87, forms 'golden cross' pattern in sign of momentum as Middle East tensions boil
Publishing timestamp: 2024-04-05 13:38:20
Summary
Oil prices have rallied to five-month highs due to tensions in the Middle East, with Iran blaming Israel for a missile strike. U.S. crude and Brent entered a "golden cross" this week, indicating positive momentum. Geopolitical tensions and supply concerns have led to a rally in crude oil prices.
Sentiment: MIXED
Keywords: united states, wti crude (mar'23), markets, ice brent crude (apr'23), iran, government and politics, israel, breaking news: markets, oil and gas, business news, investment strategy,