Crudeoil | MCX | 22 Feb update🔹 Timeframe: 1 hour
🔹Bull above 6500
🔹CrudeOil may test resistance at 6568 per barrel, a break above could lead to a gain into 6500 range.
US refineries resuming operations after outages, boosting demand.
Weaker dollar makes oil cheaper for buyers, increasing demand.
Geopolitical tensions add support to prices.
But, US crude inventory build raises concerns, limiting price gains.
Official inventory data expected tomorrow may impact pricing further.