Brent’s oil price dipping above the highs on the daily and testing the Quarter’s DVAH. The market seemingly wants to establish a balance area. The higher extreme pressures with possible absorption currently. Sellers might target the previous VWAP close levels or the lower extreme of the bracket.
The market may be boosted by the increased demand. Saudi Arabia’s Energy Minister mentioned during the weekend OPEC+ alliance to maintain its cautious global crude oil supplies approach which drives the prices higher for months.
Comments
Log in or sign up to join the conversation.