BRNUSD

Crude oil futures are rising amid increased tensions due to Israel's attacks on Gaza and the U.S. operations targeting Houthi positions. However, the rise has been limited by the increase in crude oil stocks in the U.S. Today, the performance of European and U.S. markets should be closely monitored.

If prices remain above the support level of 70.75 – 71.00, an upward movement may continue. Potential increases may target levels of 71.50 and 72.00, while any declines could see the support of 70.75 - 71.00 hold, providing a new opportunity for a rise. However, closings below 70.75 could enhance the desire for a decline, bringing levels of 70.50 and 70.00 into focus. The critical level for the day is 70.75 – 71.00.