TAG: OPEC+
Oil soars on Libyan supply halt
Brent, crude up over 3% respectively Libya's rival government announces halt to its oil output and exports Libya produces about 1.15 million bpd, 2-3% of OPEC+ output Oil prices could climb to 50-day SMA on Libyan supply halt, weaker US d...
1 month ago
Brent: Slips into Q4 on supply fears
Brent ↓17% in Q3 OPEC+ JMMC, EIA & NFP in focus Over past year US NFP triggered ↑ 0.4% & ↓ 1.9% Key level of interest - $70.80 The past few months have been rough and rocky for oil benchmarks. Crude and Brent shed over 16% in Q3 due to expecta...
2 weeks ago
Brent: Slumps on easing Middle East fears
Brent ↓ 6% this week Fundamentals swing in favour of bears Watch out for US/China data and EIA report Technical levels: $77.90, $75 & $70.80 Oil benchmarks have been hammered this week, shedding over 6% thanks to potent fundamental forces. The glo...
1 day ago