Skip to content
Country Flag US
Pilih negara
Pemilihan negara Kami hanya akan menampilkan broker dan informasi yang relevan dengan negara Anda.
Negara yang dipilih saat ini
Pilih negara lain
Bahasa Lihat konten yang diterjemahkan dalam bahasa Anda.

Brent trades sideways amid supply-demand uncertainties

Oil benchmarks have been sandwiched in recent sessions. For now, the upside impulses stemming from amplified supply-side risks are being counteracted by the downward drag from elevated US stockpiles and the rising prospects of delayed Fed rate cuts.Considering oil’s last week’s performance, the …

DiperbaruiApr 16, 2024
1 menit membaca

Brent trades sideways amid supply-demand uncertainties

Oil benchmarks have been sandwiched in recent sessions.

For now, the upside impulses stemming from amplified supply-side risks are being counteracted by the downward drag from elevated US stockpiles and the rising prospects of delayed Fed rate cuts.

Considering oil’s last week’s performance, the psychologically important $90/bbl is set to provide strong resistance.
 


 

Still, oil prices are currently in a very supportive environment, especially given unabated fears of a broader conflict in the Middle East.
 

  • If Iran does attack Israel, there’s bound to be a knee-jerk spike up for oil.
     
  • The IEA’s report later today may sway Brent ahead of the weekend.
     

Over the near-term, oil bulls are set to remain tempted by the $100/bbl handle, even as they parse through the present supply-demand equation.

Source: https://alpari.com

Daftar isi