Oil Might Gain

Middle East Tensions, Dollar Index, and Economic Data: This Week’s Top Market Drivers

Recent tensions in the Middle East between Israel and Palestine are the main focus of this week with escalations on the horizon.

Correction on the Dollar index also supports the price of crude oil in the short term while technicals show strong resistance around $86 level.

Economic data like PPI, FOMC minutes and inflation rate from the States are what investors are focusing on this week.

Crude Oil Forecast Video for the Week of 13.10.2023, by Antrea Themistokleous

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This article was originally posted on FX Empire

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