Middle East
BRN reaches above the 50-period SMA
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19 JAN clock 13:32

BRN reaches above the 50-period SMA

Oil prices see an uptick amid the geopolitical tensions and US’ decrease in production amid the severe weather conditions.
Geopolitical tensions fuel Brent’s positive start to 2024
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05 JAN clock 10:03

Geopolitical tensions fuel Brent’s positive start to 2024

Brent is set to be kept rangebound between $70 and the low-$80s. Although rising geopolitical tensions are feeding into supply-side fears, which have helped support oil prices, its near-term gains are set to remain limited by the darkening global demand outlook.
Brent set for first yearly drop in 3 years
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28 DEC clock 14:48

Brent set for first yearly drop in 3 years

The global oil benchmark has been unable to keep its head above the psychologically-important $80/bbl line, for now. Stronger support may arrive as trading volumes are restored in the new year, provided the US dollar keeps moving lower on hopes for Fed rate cuts in 2024.
BRN bulls trying to stay above $80/bbl
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10 NOV clock 10:58

BRN bulls trying to stay above $80/bbl

Oil’s supply side fears have been partially replaced by the murky demand side outlook.
BRN recovers back closer to $90 after 3-day losing streak
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03 NOV clock 12:53

BRN recovers back closer to $90 after 3-day losing streak

Oil prices have shown moderate growth amid the Fed’s interest rate decision and still unfolding conflict in the Middle East.