USOIL Price Short Term Bearish Trend

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Crude oil prices are holding steady around the $60 mark as geopolitical uncertainty continues to weigh on market sentiment. Tensions in the Middle East remain elevated, with Israel continuing its military operations in Gaza. The persistent conflict has kept traders cautious, limiting volatility but maintaining a risk premium in prices.

Technical support for is seen at $59.00, with a stronger floor around $57.20 if selling pressure intensifies.

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