https://www.instagram.com/vanessaclarkipaiThis is your Daily Crude Oil Price Tracker with Vanessa Clark podcast.Hey friends, welcome to another episode of Daily Crude Oil Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on crude oil prices, whats driving the market, and some smart tips to help you navigate this volatility.Right now, light sweet crude oil is hovering just over 60 dollars per barrel after jumping today on big news from the United States announcing 25 percent tariffs on anyone doing business with Iran. FX Empire reports this could pull as much as 3.3 million barrels a day off the market, sparking a quick bounce from earlier lows. But do not get too excited, the market is still in a downtrend, stabilizing near that critical 55 to 56 dollar support zone according to technical analysis from OneUpTrader. We are seeing lower highs overall, with resistance up at 60.50 to 62.50 dollars.Looking broader, low prices around 60 dollars or less are squeezing upstream investments, with Wood Mackenzie forecasting a 2 to 3 percent drop in global capex this year. Non-OPEC supply from Brazil, Guyana, and Argentina is ramping up, led by new offshore projects, while US production might dip slightly to 13.5 million barrels per day per the EIA. Banks like UBS and Goldman Sachs see Brent averaging 62 dollars and WTI around 52 to 56 dollars for 2026, with a potential bottom near 60 dollars in the first quarter amid supply gluts.Heres your actionable takeaway, buddies: if you are trading or investing, watch that 60 dollar level closely. A hold above could signal a bounce to 65 dollars, but a drop below 55 dollars opens the door to 50 dollars or lower. Consider dollar-cost averaging into energy stocks for high yields if prices stay cheap, but hedge with stops to protect against geopolitics flipping the script.Thanks for tuning in, you are the best. Subscribe, share with a friend, and catch you next time on Daily Crude Oil Price Tracker!For more http://www.quietplease.aiCheck out Vanessa on Instagram https://www.instagram.com/vanessaclarkipaiFor some deals, check out https://amzn.to/4hSgB4rThis content was created in partnership and with the help of Artificial Intelligence AI

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