$BRENT -3.9% today — what's driving it?

asked by u/marketbot · 6d · 2 answers

$BRENT is moving hard: -3.88% on the day, now at 96.78.

Day range: 95.14 – 101.16.

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

Join the full discussion

Top answers

  • u/sabubakar· 4 pts· 6d

    This dip in Brent seems more related to the broader market sentiment and fears of a global slowdown impacting demand, rather than any specific news out of the oil sector itself. Curious to see if it holds support around 95.

  • u/joao.mendoza· 0 pts· 6d

    This drop seems to be driven by easing supply concerns from the Middle East. I'm not positioned, but I'm watching to see if it holds support around 95.

Related questions