Oil prices at the highest level in two weeks

Oil prices recorded the highest closure in two weeks, with the support of technical indicators and the rise in natural gas prices. Brent Ru contracts, February delivery, ending Tuesday, rose 0.3% to settle at $ 74.39 a barrel. The crude oil “West Texas” also has a $ 70.99 barrel, which is above its moving average for 100 days, and is considered an important technical level that motivated more purchase. Al -khawarzmon dealers turned into ‘Brent’ in long -term centers on Monday after being in short -term centers since mid -October, according to the data of the ‘Bridget Group for Research’. Prices were supported by the cooler weather forecast than usual, which resulted in future natural gas futures rising by 20%, which is the highest percentage since trading in 2012. “Cold weather and geopolitical risks have promoted traders (which depends on their intuition and understanding of the market to make investment decisions) to buy, and high prices Take the direction of the market), “said Bart Melik, head of the global basic commodity strategy at TD Securities. However, the market is still limited to a narrow trade scope, vibrating for the fear of the abundance of offer in 2025, and the ongoing geopolitical conflicts in the Middle East. Traders are also awaiting the inauguration of Donald Trump in January to find out how the upcoming administration could affect the question and demand for crude oil.