Crude Oil
Brent to break below $80/bbl?
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24 MAY clock 14:36

Brent to break below $80/bbl?

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.
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17 MAY clock 13:08

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.
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.
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.
BRN edges higher towards it's 2024 high ($84.14/bbl)
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08 MAR clock 10:50

BRN edges higher towards it's 2024 high ($84.14/bbl)

Oil prices continue to rise amid the markets anticipation of the itnerest rate cuts following the Fed's chair Jerome Powell's speech in Congress.