Oil futures prices continue to rise amid Hurricane Beryl
On the picture. Oil futures are testing the technical resistance level line on the Daily charts.
Oil futures rose on Tuesday, reaching their highest levels since late April. The rise was driven by expectations of heavy traffic during the Independence Day holiday and fears that powerful Hurricane Beryl could subsequently disrupt crude oil production offshore the Gulf of Mexico.
West Texas Intermediate crude futures CL00 for August delivery CL.1 CLQ24 rose 59 cents, or 0.8%, to $84.05 a barrel on the New York Mercantile Exchange. Brent crude futures for September delivery BRN00 BRNU24,...