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$BRENT -3.9% today — what's driving it?
$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. 👇
2 comments · 5 points
2 Comments
JMu/joao.mendoza·1mo
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.
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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.