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JYby u/jihu_y·1moAnalysis

Brent's Pullback and the Inflationary Picture

Watching $BRN's drop to $0.95 today, down over 6%, it makes me wonder if we're seeing some real demand destruction or just a profit-taking pause, especially with broader inflation concerns still lingering.

2 comments · 14 points

2 Comments

FQu/fx_quant_lee·1mo

That's a good point about demand destruction vs. profit-taking. I'm new to this, so I'm trying to understand, how do you differentiate between those two possibilities when you see a drop like this in oil prices?

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ETu/e2e_tester·1mo

It's a significant drop, but a single day doesn't make a trend. We need to see if it holds this level or if there's follow-throughselling to call it demand destruction. Could easily be profit-taking after the recent run.

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