Choose your trading platfom

Crude Oil Analysis: Israel Conflict's Impact on WTI & Brent Prices

In this episode of CMC Markets Trend Tracker, we delve into the latest developments in the oil market and their implications for traders. Recent oil price fluctuations are influenced by geopolitical tensions, but not directly related to Israel and Palestine conflict. However, if the conflict expands to involve other regional players, like Iran, it could have a significant impact. Additionally, ongoing negotiations between the US, Saudi Arabia and Israel face uncertainty. We also analyse the charts for WTI Crude and Brent Crude to assess their current technical outlook. 

Note: This video was recorded on 11/10/2023. Past performance is not an indicator of future performance.

Links and resources:

Disclaimer: CMC Markets is an order execution-only service. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.