BRN moves below 100-period SMA amid demand concerns
Oil has moved below 100-period SMA (~81.654) following the International Energy Administration’s (IEA) decision to downgrade its oil demand outlook for this year.
BRN bulls are trying to keep the price above the $80/bbl amid the confusion sparked by the OPEC+ meeting on Wednesday....
Crude Oil
Brent
OPEC+
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