Oil Prices Test Resistance as Middle East Tensions Drive Up Costs

Crude oil prices have surged to a range of $72–$74 per barrel, bringing them close to resistance levels that have held for over two years. Analysts are observing this dynamic with cautious optimism. Chart patterns suggest a potential breakout is not imminent, but traders and investors should remain attentive as the proximity to these key markers underscores the significance of upcoming macroeconomic trends.