Brent Oil Pice Update: Higher Dollar And Quarter's DVAH Pressures

Brent fell about 1.4%, pressured by the higher dollar and the Quarter’s DVAH level.

There are some signs of more supply entering the market as US production slowly recovers from the damages from Hurrican Ida while part of the US Gulf of Mexico crude production still remained offline.

The previous week’s data from EIA and API showed a declined in inventories which boosted the oil prices higher. Meanwhile, in China, several venues were closed due to an outbreak in a city in southeast China, according to reports.

Visit our trading community to read more market insights and to learn the more indepth analysis process with various tools such ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.