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Brent Oil Futures - Jul 16 (LCON6)

 
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Brent Oil Futures - Jul 16 (LCON6)

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45.41 +0.79    +1.77%
10:35:06 GMT - Real-time CFD Data. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 44.62
  • Open: 44.92
  • Day's Range: 44.87 - 45.89
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Brent Oil 45.41 +0.79 +1.77%
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Brent Oil Contracts


 

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Latest Brent Oil Comments

lexazver Aleks.
lexazver Aleks. 1 hour ago
In case you guys missed the news yesterday US production tanked 113kbpd last week. Which is the biggest weekly drop that I've seen in at least 6 month. Usually it fell 15-40k per week. This is likely to weigh in on sentiment even as the result is sort of backward i.e. it comes from rig decline which comes from low oil. As oil has risen companies have started drilling again so we should see the results of that in june/july when production can start increasing again. But its expectations while yesterday's drop was a fact. Also 2 rigs caught fire in Iraq (minor but worth mentioning) and power interruptions in Venezuela can cause output to fall. April OPEC report should be out next week, will be interesting to see production levels.
Disney Fun Surprises
Disney Fun Surprises 44 minutes ago
how anout fire in fort murray in Canada?
Christian Listérus
Christian Listérus 17 minutes ago
News are handy when they go along with TA indicators. We were touching the lower trend line of the bull channel from the beginning of April, which also happened to be the MA20 level i the D-chart, so a bounce was very natural and could be expected. However, we have also seen the push down after testing the upper trend line of the more significant bull channel starting mid January, so chances are high that we will have reversal formation with a target at the lower trend line of this channel around 42. As said before, be observant of any peaking during the next days/ week, as that could be the 2nd shoulder in a nice head-shoulder formation, confirming the reversal...
Mikael Bondestam
Mikael Bondestam 1 hour ago
Don't forget the Donald Trump effect.
Steven Leong
Steven Leong 2 hours ago
Getting very difficult to play now. Forget about fundamentals, inventories etc , I felt that big players wanted to make the price to usd 50 - 55. The drop of 48 to 44.50 is just a "technical correction", perhaps .
Sami Bukhari
Sami Bukhari 2 hours ago
Steven daily chart is clear
Ricky Dhillon
Ricky Dhillon 2 hours ago
Fundamentals are going to affekt with negativa Market sentiment eg Brexit closing up. Right now its a bull rally in a bear trend since 2015
Steven Leong
Steven Leong 1 hour ago
So chart clearly said SELL, SELL ... SELL ? Ha..ha....
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