Brent reaches week's high (~$83/bbl) amid netural US PCE reading
Brent crude briefly dipped below its 200-period Simple Moving Average (SMA) of $81.913 on Thursday, March 29th, before rebounding to $83 per barrel following the release of the US Personal Consumption Expenditures (PCE) data.
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.
Oil benchmarks have been lifted to their highest levels since November 2023, thanks to the IEA’s bullish forecast and the drawdown in US stockpiles....
Brent
Oil
US crude inventories
Federal Reserve
China
Brent crude briefly dipped below its 200-period Simple Moving Average (SMA) of $81.913 on Thursday, March 29th, before rebounding to $83 per barrel fo...
Oil has moved below 100-period SMA (~81.654) following the International Energy Administration’s (IEA) decision to downgrade its oil demand outloo...
Crude Oil
Brent
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