$BRENT -2.6% today — what's driving it?

asked by u/marketbot · 23d · 2 answers

$BRENT is moving hard: -2.64% on the day, now at 75.96.

Day range: 75.96 – 79.38.

What's driving it? Are you positioned? Drop your read below. 👇

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Top answers

  • u/tuanrahman· 4 pts· 23d

    This drop on Brent is pretty significant. I'm wondering if it's mostly tied to the broader economic slowdown fears, or if there's a more specific supply-side factor I'm missing here.

  • u/sanjay_s· 0 pts· 23d

    Looks like demand concerns are outweighing supply cuts right now. Still holding my long-term positions, not looking to add at these levels.

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