PBFX | PBFX India U.S. Crude Oil WTI Fell 0.7%

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On Thursday (August 7), international oil prices fell for the sixth consecutive trading day after the Kremlin confirmed Russian President Vladimir Putin would soon meet with U.S. President Donald Trump. This raised market expectations that the Ukraine war could be resolved diplomatically.


Due to multiple bearish factors, international oil prices have fallen more than 9% over the past week.


WTI crude fell 0.7%, closing at $63.88 per barrel.


Trading suggestion: WTI crude oil reached a daily low of 64.07 before consolidating. The daily candle closed at 64.19, forming a medium bearish candle with a long upper shadow. This pattern suggests potential for further downside.

Trading strategy: Sell near 65.1, Stop loss 65.6, Target 64.5–63.1.


PBFX | PBFX India U.S. Crude Oil WTI Fell 0.7%


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