Wilmar is now trading below the psychological 5.00 now acting as resistance. Over the last 5 days, it has been trading inside the almost solid black candle (see arrow). As long as it cannot go higher than this black candle, then bears are still in control.
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BBC News- How high could petrol and diesel prices go?For every $10 rise in oil prices, motorists face paying roughly 7p per litre more in the UK.
- G7 nations to hold emergency meeting on oil as stock markets sinkChancellor Rachel Reeves will join talks amid reports that oil reserves could be released to lower prices.
- Asia governments to cap fuel prices as oil costs jumpThe price of crude has surged above $100 on concerns about shortages due to supply disruptions.
- Iran war impacts heating oil bills for homeownersSome residents say they have seen prices more than double since the conflict started.
- Spain's migrants welcome amnesty: 'It will help us in every way'Madrid cites humanitarian and economic reasons to give undocumented workers legal status.
- Why holiday meal money for cash-strapped parents is back on the menuThe school holiday food grant was axed by the Department of Education in 2023 due to a lack of money.
- Emirates resumes some Dubai flights – what's the latest on travel to UK?New flights to the UK from the Middle East follow days of widespread air travel disruption which had left Britons stranded.
- There’s an inflation wave coming - what does the Iran war mean for the UK economy?Economic consequences are an intrinsic aspect of the Iran conflict, writes BBC economics editor Faisal Islam.
- 'Most of my pension has gone on home heating oil'Rising heating oil prices are hitting Northern Ireland harder than the rest of the UK - here's everything you need to know.
- Oil price at two-year high after Qatar warns all Gulf production could stop within daysEnergy Minister Saad al-Kaabi says oil could hit $150 a barrel if the Iran conflict continues over the coming weeks.
- How high could petrol and diesel prices go?
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