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S04 Ep11 Energy Market Update: Oil trades in a wide but contained range

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Oil markets were volatile last week, with Brent swinging between $62 and $65/b as shifting supply signals, geopolitical tensions, and broader market sentiment drove sharp intraday moves. Despite the fluctuations, prices remain stuck in a well-defined range, capped by persistent oversupply concerns and resistance near the 50-day moving average.

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17 Nov 2025 English South Africa Business

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