Fears of a widening conflict in the Middle East are pushing oil prices higher as it could potentially involve major oil producing countries in the region.
BRN is under pressure after reaching above $85.00 level
BRN is consolidating below the $85.00 level amid the potential for interest rates to remain higher for longer in the US as well as in some of the Asian economies.
Brent may be set to book its 5 consecutive days of declines today, remaining under significant pressure following the higher than expected (1.83M - actual vs -2.55M - expected) EIA crude stock change reading.
Oil bulls are fighting to stay above 100-period SMA at $83/bbl.
Oil bulls have managed to climb above the 100-period SMA on the back of the softer US CPI reading earlier this week as well as the higher-than-expected draw from US crude inventories.
Fears of a widening conflict in the Middle East are pushing oil prices higher as it could potentially involve major oil producing countries in the reg...
BRN is consolidating below the $85.00 level amid the potential for interest rates to remain higher for longer in the US as well as in some of the Asia...
Brent may be set to book its 5 consecutive days of declines today, remaining under significant pressure following the higher than expected (1.83M - ac...
Oil bulls have managed to climb above the 100-period SMA on the back of the softer US CPI reading earlier this week as well as the higher-than-expecte...
Crude Oil
Brent
OPEC+
CPI
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