Crude Oil Price Forecast: Struggles Near Lows, Bearish Momentum Persists
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Crude oil prices are facing downward pressure, struggling near multi-year lows. The critical support level is at $65.40, which will determine the next move.
March 11, 2025 | 9:00 pm
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The United States Brent Oil Fund (BNO) may be impacted by the ongoing bearish momentum in crude oil prices, which are struggling near multi-year lows. The critical support level at $65.40 is key for future price movements.
BNO, as an ETF tracking Brent crude oil prices, is directly affected by the current bearish momentum in crude oil. The struggle near multi-year lows and the critical support level at $65.40 suggest potential further declines, impacting BNO negatively.
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