Browsing: Brent vs WTI

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Support remains firm at the long-term pivot of $64.21, with additional backing from the 50-day moving average at $63.72 and…

Macro Space: PCE Data Eyed Thursday’s data showed that US economic activity grew by an annualised rate of 3.8% in…

Key Levels Confirm Strength Momentum improved as crude moved above the interim swing high of $64.90, triggering a bullish reversal…

Brent Technical Analysis Brent markets are hanging around the $69 level, which, of course, is an area that’s been significant…

Daily Light Crude Oil Futures This week’s rally was ignited by back-to-back recoveries of the 200-day moving average at $63.05…

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Fed Has Room for Three More Cuts Adding fuel to the fire, the OECD’s latest outlook suggests the Federal Reserve…

Brent Technical Analysis Brent markets look very much the same as we are starting to reach the $69 level, which,…

Prices are being underpinned by multiple supply-side disruptions. A key catalyst was the failure to restart oil exports from Iraq’s…