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Indonesia News Portal for Traders | Financial & Business Updates

22 January 2026 09:20  |

Oil Holds Pace

Oil prices stabilized after Greenland tensions eased. Brent held above $65 and WTI near $61, buoyed by improved sentiment after Trump held off on threatening tariffs on Europe.

However, the market remains uncertain due to supply concerns: the IEA sees a risk of a surplus, US stockpiles rose by 3 million barrels (API version), and supplies from Kazakhstan, Venezuela, and Russia have the potential to increase. Brent $65.23; WTI $60.66. (asd)

Oil price at the time of this analysis was $64.56

- Buy if the price moves within $64.66

- Sell if the price moves within $63.46

Resistance 2: $64.86

Resistance 1: $64.73

Support 1: $63.31

Support 2: $63.19

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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