Oil, Natural Gas, US Dollar Technical Analysis: Energy Markets React to Tariff Tensions
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WTI crude oil is experiencing bearish pressure within a triangle pattern, while natural gas prices have rebounded from a key level of $3. The energy markets are reacting to tariff tensions.
February 04, 2025 | 1:30 am
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BNO, an ETF tracking Brent crude oil, may be impacted by the bearish pressure on WTI crude due to its correlation with global oil prices.
BNO is an ETF that tracks Brent crude oil prices, which are often influenced by WTI crude trends. The bearish pressure on WTI crude due to tariff tensions could negatively impact BNO in the short term.
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