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Brent Crude (Spot)
Short

Brent to FALL up to 62

34
Key factors influencing the market:
  • Anticipation of the OPEC+ decision at this weekend’s meeting — a potential further increase in production could put additional pressure on prices.
  • Excess crude inventories in the U.S. — commercial stockpiles have grown, lowering demand expectations.
  • Weak economic backdrop — signs of cooling, especially in the U.S., are softening demand for energy
  • Demand/supply imbalance risks — despite the potential for lower prices, geopolitics and
demand from strategic reserves (e.g., China) could limit the downside
Rosgastrade
Fundamental AnalysisTechnical IndicatorsTrend Analysis

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Fundamental AnalysisTechnical IndicatorsTrend Analysis
Rosgastrade

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.