Home > iPhone > Oil price climbs over $130 per barrel; nickel price jumps 14% higher

Oil price climbs over $130 per barrel; nickel price jumps 14% higher

As shown from the daily chart, Brent crude jumped as much as 18% to kick off another tempestuous week after a 21% surge last week. The jaw-dropping movement was triggered by rising fears after the White House said a new round of sanctions targeting Russia’s oil export was on the table.

Oil price climbs over 0 per barrel; nickel price jumps 14% higher

The brutal supply crunch has now pushed the crude oil price to its highest level since July 2018, with the all-time-high level ($140) recorded in the June 2018 only one step away.

Technically speaking, Brent crude oil is supported at the level of $117.5, while WTI should find imminent support from $114.

Brent crude daily chart

Prev: News Bitcoin, Ethereum Technical Analysis: More Crypto Price Uncertainty Heading Into the Weekend

Next: Journey of Sensex: From 1,000 to 60,000 in over 31 years