📈 Brent breaks above $59.50 and reaches 1-year high
Brent (OIL) jumped above a $59.50 swing level today as oil remains in investors' favor. Brent caught a bid following a break above the descending triangle pattern and buyers benefit from broad risk-on moods seen on the global financial markets this week. Bullish momentum was further supported by news saying that OPEC+ stays committed to reducing crude surplus on the market. While Brent has been lagging WTI recently, it is now trading at 1-year highs as well.
Brent reaches 1-year high and nears $60 per barrel. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
