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Brent Oil Futures - Nov 24 (LCOX4)

Real-time capital.com
Currency in USD
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72.78
+0.09(+0.12%)
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Brent Oil Futures Discussions

I wait 43,85 usd..........after that 52 ,33 usd...bulish market is continue...see you....
sorry bearish market is continue
özgür cengiz....then convince with some solid reasoning / technical charts...saying one liner. is not helping us... for example you can share several bearish news around the corner....1. Oil took the biggest hit for the week following the release of the EIA report. . 2. Gasoline stocks also jumped by 3.3 million barrels, more than five times the expected increase. . 3. Adding to the bearishness from the EIA report is the news that refined product inventories are now back above 2016 levels and well-above their five-year average range.. 4. With the start of the summer driving season and employment levels very strong, expect to see greater demand for gasoline, but this is not happening. Unless we see a turnaround in gasoline demand, oil is likely to continue to remain under pressure.. 5. Shipping data in Thompson Reuters Eikon shows at least 25 supertankers currently sitting in the Strait of Malacca and the Singapore Strait, holding unsold fuel. Asian markets are also oversupplied :)
last but not least....Libya’s oil output recovers after resuming work at Al-Sharara oilfield...
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