Oil Price at $103 Meets a Bearish Brent Pattern, Is a Ceasefire Being Priced In?

Brent crude futures are trading near $103 at press time after surging more than 40% over the past month, driven by the Iran-US conflict, Strait of Hormuz disruptions, and Iraqi force majeure declar...

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Source: beincrypto.com

Brent crude futures are trading near $103 at press time after surging more than 40% over the past month, driven by the Iran-US conflict, Strait of Hormuz disruptions, and Iraqi force majeure declarations that collectively removed millions of barrels from global supply. However, the rally’s intensity has faded over the past week, with Brent slipping The post Oil Price at $103 Meets a Bearish Brent Pattern, Is a Ceasefire Being Priced In? appeared first on BeInCrypto.

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