{
  "id": 20010676,
  "title": "Crude Check: Recovery faces hurdles",
  "url": "https://urgent.news/2026/11/14/crude-check-recovery-faces-hurdles",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T16:24:33.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/portfolio/commodity-analysis/crude-checkrecovery-faces-hurdles/article71701437.ece"
  },
  "original_language": "en",
  "account": "Oil prices continued their downward trend last week, with both Brent crude oil futures and MCX-Crude oil futures experiencing weekly losses. While Brent futures on the Intercontinental Exchange fell by 2.5%, domestic crude oil futures slipped 1.4%. Despite the temporary recovery from last week's lows, the overall sentiment remains bearish as both contracts face significant resistance levels ahead. Brent crude futures dipped to $89.16 at the start of the week before recovering to $95.80. However, this support around $90 may not hold, as the contract has to overcome a series of resistance levels. The nearest resistance is at $98, followed by $101.50. A decisive break above $105 could potentially turn the outlook bullish, with further resistance at $110 and $115. Should the contract resume its decline, Brent crude futures may breach the $90 support and push lower to $86. For MCX-Crude oil futures, resistance at ₹8,500 prevented a further drop, with the contract lowing to ₹7,807. However, the outlook remains bearish, as key resistance levels at ₹8,500 and ₹9,000 could cap the recovery. A decisive break above ₹9,000 could lead to a rally towards ₹10,000.",
  "summary": "Bears retain the upper hand",
  "key_points": [
    "Brent crude futures fall 2.5%, MCX-Crude down 1.4% last week",
    "Resistance levels at $98, $101.50 for Brent crude, ₹8,500, ₹9,000 for MCX-Crude",
    "Break above $105 or ₹9,000 could turn outlook bullish"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}