Brent Crude – Oil Advances on Russian Sanctions. Will the 100-day MA Cap Gains?
Oil prices rose due to new US sanctions on Russian oil and tankers. The Kremlin warned these sanctions could destabilize global energy markets. Indian ‘sources’...
Tag : Brent
Brent breaks $80 as the oil bulls put on the squeeze
CL1 Oil is ripping higher today, rising nearly 5% to the best levels since October. WTI crude oil is up $3.60 to $77.49 while Brent...
Brent Crude – Oil Eyes Break of Key Confluence Level on Chinese Optimism
Oil prices rose due to declining US stockpiles and renewed Chinese optimism after President Xi Jinping pledged to promote growth. Mixed results from Chinese manufacturing...
Brent Crude Oil Prices Toil as Market Awaits Fed Decision. Range Trading Ahead?
Oil prices rose due to lower-than-expected US crude oil stockpiles, but demand concerns remain. OPEC+ is worried about a potential increase in US oil output...