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Brent Oil - Why Brent Broke $85
Also, news reports suggesting that China is also cutting imports from Iran are only going to add to the bullish sentiment since China was expected to resist U.S. pressure regarding Iranian oil purchas...
Brent oil Technical Analysis: Stuck in a pennant pattern
Brent oil has charted a pennant pattern on the hourly chart. An upside break would signal a continuation of the rally from the low of $82.52 and may yield a break above the recent high of $85.42. The ...
Oil at 4-year peak, Brent above $85/bbl ahead of Iran sanctions
HSBC said in its fourth quarter Global Economics outlook that "our oil analysts believe there is now a growing risk it (crude) could touch $100 per barrel". US oil prices hit their highest level since ...
Oil Prices Sustain Gain As Brent Hit $85.03 Per Barrel
Oil markets sustained gain yesterday with Brent crude holding above $85 and near four-year highs reached the previous day as markets prepare for tighter supply once U.S. sanctions against Iran ...
Oil Jumps; Brent Hits $85 as Iran Worries Increase
The bull run in oil showed little signs of slowing on Monday, with Brent soaring 3% to hit $85 per barrel as the fourth quarter began amid heightened worries about the Iranian sanctions crisis and ...