Oil News: Crude Oil Outlook Points to $64.75-$66.49 as Production Risks Rise
FX Empire·2026-01-28 23:27

Bullish Chart Pattern Points to Higher TargetsThe daily chart shows that now that the top at 62.20hasbeencleared,buyershaveacleanshotatprevioustopsat62.20 has been cleared, buyers have a clean shot at previous tops at 64.75 and $66.49.Winter Storm and Dollar Weakness Drive Prices HigherChart analysis also reveals that the market is now trading at its highest levels since late September in reaction to a severe winter storm that disrupted U.S. crude output, Reuters said. Meanwhile, the current plunge in the U.S. Dollar is also driving up demand for the dollar-de ...