Crude Oil Price Forecast – Crude Oil Markets Continue to Find Buyers on Dips

The crude oil markets have initially pulled back just a bit during the course of the trading session on Friday but then turned around to show signs of life underneath.

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Brent crude has surpassed $70 per barrel for the first time since September, driven by rising tensions with Iran and broader geopolitical risks.

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South Africa SARB Interest Rate Decision remains unchanged at 6.75% 29 January 2026

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Crude Oil Price Forecast – Crude Oil Markets Continue to Find Buyers on Dips

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