RE: BRENT DOWN3 Jun 2022 01:07
I got $119.35 target for WTI. that would equate to 123.50 for brent. Brent been there before this year but hasn't held it for more than a couple of days looking at the chart. above 119 WTI and the way is open to 134 where it go to in March at the start of the Russian invasion?
nice bounce in oil today. I can only think that the market thinks Opec aren't going to increase production enough to make up for any Russian oil taken off the market. despite pressure on SA from Biden.