Crude oil steadies after Iran headlines trigger a shakeout as traders watch demand, strong dollar pressure, and key trend line support to gauge market direction.

Crude oil prices jumped to four-month highs above $65 per barrel last week, driven by geopolitical tensions between the U.S. and Iran as well as significant production disruptions caused by severe winter weather in much of the U.

A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the path will be long and costly.

At 9.57 am on Wednesday, April Brent oil futures were at $67.84, up by 0.76%, and March crude oil futures on WTI (West Texas Intermediate) were at $63.79, up by 0.92%

Crude imports hit record highs, with December stockpiling estimated at 2.67 million bpd-the fastest pace since 2020-as Beijing took advantage of low prices and expanded storage capacity.

Commercial crude oil stocks rose last week by 3.6 million barrels as refineries ran at a slower rate, said the Energy Information Administration.

Jan 27 (Reuters) - India's crude oil imports rose 1.6% month-on-month in December to 21.59 million metric tons, their highest level since March, government data showed on Tuesday. WHY IT'S IMPORTANT India is the world's third-biggest oil importer and consumer,

Live pricing, charts, and volume for the Will Crude Oil (CL) hit__ by end of February? prediction market from Yahoo Finance.

A pullback in WTI may be complete after a rebound near $61.5. A close above the 200-day line could set up targets near $67 and $71.