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Indonesia News Portal for Traders | Financial & Business Updates

23 December 2025 16:14  |

Geopolitics Heats Up, Oil is on a Hot Topic!

Brent oil prices rose today, reaching $61.58 per barrel, driven by several fundamental factors influencing the market. One is rising geopolitical tensions, particularly related to the threat of a US ground offensive against drug trafficking operations in Latin America.

These tensions have raised concerns about supply disruptions from oil-producing regions, such as Venezuela, which has vast energy reserves. This uncertainty has prompted investors to buy oil as a safe haven, driving prices higher. (asd)

The oil price at the time of this analysis was $61.53

- Buy if the price moves within $61.90

- Sell if the price moves within $61.68

Resistance 2: $62.26

Resistance 1: $62.04

 

Support 1: $61.60

Support 2: $61.38

Disclaimer

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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