Overall it was a week where we saw a bit of consolidation and now we are forming a new range. For the last three, four sessions we have made bottoms around the 17150 to 17200 mark and recovered from those lows every time while 17500 is acting as a resistance.
Oil Price Today (November 13): Brent crude climbs above $95 after fresh Middle East attacks; Trump says no need for deal
While oil prices have dropped from their multi decade highs which they hit earlier this year, analysts remain cautious amid the seesaw political game in