Brent Crude

Rising US employment costs elevate the dollar, amplifying expectations of prolonged high rates pre-FOMC, impacting oil market outlooks.

2024-05-01T06:32:14+0100

Soybeans price look to have resumed their long-term downtrend, which is why we would like to short these with a stop loss above the March high at 1,235, and a downside target at 1,135.

2024-04-12T00:12:25+0100

Israeli soldiers retreat from Gaza, fueling peace talk prospects and causing a dip in oil prices amidst reduced regional tensions.

2024-04-10T06:54:58+0100

This week, IG’s Chief Market Analyst, Chris Beauchamp, goes long Brent crude at $82.70, with a stop at $80.00 and a target of $87.00.

2024-03-14T05:58:21+0000

China adds further support to the ailing economy; and brent crude oil drops at prior swing low, propped up by the 200 SMA, meanwhile, WTI oil oscillates around key, long-term trend filter.

2024-02-21T03:02:15+0000

Marginal Cushing stock build could limit oil upside, IEA revises oil demand growth lower; brent crude oil flirts with the 200-day SMA and WTI testing major zone of resistance into the end of the week.

2024-02-16T04:19:56+0000

EIA storage data reveals minor drop but extends run of successive drawdowns; oil responding positively to improvements in the battered Chinese equity space (Brent crude) and WTI oil nears significant zone of resistance.

2024-02-09T04:55:39+0000

US Q4 GDP data could shape the ‘global growth slowdown’ narrative; brent crude upside level of interest at $82 and IG Client Sentiment is mixed while longs massively outweigh shorts.

2024-01-22T23:55:44+0000