Crude Oil Price Forecast: Bearish Correction Deepens as Sellers Maintain Control
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Crude oil prices are experiencing a bearish correction, with prices nearing critical support around $67. A decisive break below this level could lead to further losses, although historical patterns suggest a potential bottom may form soon.
February 25, 2025 | 10:00 pm
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The United States Brent Oil Fund (BNO) may be impacted by the ongoing bearish correction in crude oil prices. As prices approach critical support, BNO could see further declines if a break occurs.
BNO, an ETF that tracks Brent crude oil prices, is likely to be affected by the current bearish trend in oil prices. With prices nearing a critical support level, a break below could lead to further declines in BNO's value.
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