Crude Oil
03 MAY
13:57
Brent to drop the most on the weekly basis since February?
Yesterday oil prices managed to slightly rebound after a 3-day slide. Support came in the form of market expectations that the US may replenish its strategic reserves.
Now Brent bulls are fighting hard to stay above yesterday’s close at ~83.50.
01 MAR
13:54
Brent reaches week's high (~$83/bbl) amid netural US PCE reading
Brent crude briefly dipped below its 200-period Simple Moving Average (SMA) of $81.913 on Thursday, March 29th, before rebounding to $83 per barrel following the release of the US Personal Consumption Expenditures (PCE) data.