Brent - Nearing a short term bottom

Brent - Nearing a short term bottom

Ritesh Victor
04 Oct 2019 05:35 PM
Brent crude prices were predominantly stable in Jun-Aug 2019 quarter in a 10 dollar range before the drone attacks in Saudi installations sent the prices surging on 16 September towards $71+ levels, to its highest level since mid-May 2019. Prices have corrected significantly since then and are currently hovering just above the $58 mark. What has driven the Brent crude prices lower is common knowledge. Let’s use our mind and wisdom to evaluate what lies ahead.

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