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Indonesia News Portal for Traders | Financial & Business Updates

19 February 2026 13:56  |

Oil Holds High, Iran Market Pricing Risks

Oil held steady after its biggest release since October, fueling concerns that the US-Iran conflict could escalate. Brent held above $70, while nuclear negotiations remained deadlocked and political pressure mounted.

Additional sentiment came from the uncertainty surrounding the Ukraine-Russia issue, a potential slowdown in Russian production, and a 609,000-barrel drop in US oil stocks, according to the API (official data to follow). (asd)

Oil price at the time of this analysis was $69.92

- Buy if the price moves below $69.95

- Sell if the price moves below $69.84

Resistance 2: $70.12

Resistance 1: $70.01

Support 1: $69.68

Support 2: $69.57

Disclaimer:

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

Source: Newsmaker.id

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