Brent
Oil heads toward $85/bbl on Increasing Odds of US Rate Cuts
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10 MAY clock 13:14

Oil heads toward $85/bbl on Increasing Odds of US Rate Cuts

Oil bulls are pushing the BRN upwards towards $85/bbl after the higher-than-expected U.S. initial jobless claims report, which could contribute to the highly anticipated interest rate cuts by the Fed.
Crude Brent Geopolitics
Brent to drop the most on the weekly basis since February?
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03 MAY clock 13:57

Brent to drop the most on the weekly basis since February?

Yesterday oil prices managed to slightly rebound after a 3-day slide. Support came in the form of market expectations that the US may replenish its strategic reserves. Now Brent bulls are fighting hard to stay above yesterday’s close at ~83.50.
Crude Oil Brent Geopolitical tensions
Brent bulls halted from reaching $90, for now
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26 APR clock 12:31

Brent bulls halted from reaching $90, for now

The global oil benchmark is set to bring an end to 2 consecutive weekly declines. However, the 21-day simple moving average (SMA) is currently standing in oil bulls' way, ahead of today's US PCE Deflators release.
Brent Oil Federal Reserve PCE GDP
Brent trades sideways amid supply-demand uncertainties
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12 APR clock 11:02

Brent trades sideways amid supply-demand uncertainties

For now, the upside impulses stemming from amplified supply-side risks are being counteracted by the downward drag from elevated US stockpiles and the rising prospects of delayed Fed rate cuts.
Oil Brent Middle East
BRN: Further upside as golden cross forms?
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05 APR clock 11:46

BRN: Further upside as golden cross forms?

BRN is trading above the psychologically important $90/bbl, level last seen in October 2023, forming a golden cross formation.
Crude Oil Brent OPEC+