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Evening update for crude oil -07-08-2025
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Evening update for crude oil -07-08-2025
Aug 7, 2025 1:00 PM

The (crude oil) price declined in its last intraday trading, preparing to break the current support level at $63.35, after its success in its previous trading in offloading some of its clear oversold conditions on the (RSI), increasing the negative pressure to record more of the losses on the near-term basis, amid the dominance of minor bearish wave on the short-term basis.

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