Tag: Brent

OPEC+ Supply Cut Outweighs USD Strength, Brent Bid

BRENT CRUDE OIL (LCOc1) TALKING POINTSDetails around hefty 2MMbbls/d production cut from OPEC+.No signs of Fed pivot just yet. Trade Smarter - Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from...

Brent Finds Support as Focus Shifts to OPEC+ Next Week

BRENT CRUDE OIL (LCOc1) ANALYSISBackwardation points to elevated prices.Recession woes may be declining. OPEC+ output levels.BRENT CRUDE OIL FUNDAMENTAL BACKDROPBrent crude oil conditions remain tight despite the recent price slump. If we look...

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