Prices remained slightly below record levels, following a sharp increase over the past week. Currently, quotes are above the $2500 mark and are supported by expectations of an imminent reduction in US interest rates and geopolitical risks. Buyers' efforts were insufficient to update the historical maximum. For making trading decisions, it is necessary to monitor the information background and whether the price can drop and consolidate below the $2500 level.
The rise in oil prices, triggered by fears of possible closure of oil fields in Libya and tensions in the Middle East, led to a surge of more than 7% over the last three sessions. The price has almost reached the previously described area around the $78 mark. For further decisions, it is necessary to observe the dynamics of quotes at the reached levels.