Brent Crude Oil Futures Close A Fourth Straight Week In The Red. Is A Fifth Week On The Table?

Brent Crude Oil Futures (NYMEX: BB) have plummeted 15% from April’s peak as the market grew increasingly worried about the potential of a recession. The U.S. economy has shown signs…

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15/05/2023

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Brent Crude Oil Futures Consolidate Ahead of CPI Data

The output cut announcement by OPEC+ sent the Brent Crude Oil Futures (NYMEX: BB) rallying 6.56% in the prior week. The dramatic surge in bullish momentum subsided as volumes declined,…

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12/04/2023

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Brent Crude Oil Futures Undo Downtrend. Price Crosses the 100-Day Moving Average

Brent Crude Oil Futures (NYMEX: BB) ticked higher as upside momentum picked up steam from growing risk appetite. The banking sector crisis is seemingly in the rearview mirror, and safe-haven…

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30/03/2023

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Brent Crude Futures Stop Downturn Just Shy of 2023 Lows

Brent crude oil futures (NYMEX: BB) took a 3.77% knock after the US released Non-Farm Payrolls, signalling a more robust than you-think US Economy. Traders piled into the US Dollar,…

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07/02/2023