Brent oil price are sensitive to market news: everything is possible

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Brent oil price continues to be very interesting for purchases. Despite the oscillator indicates overpricing, oil price has growth potential. The main drivers come from USA, Livia and Venezuela.

Fundamentally, increase of brent oil price to $72 is expected. Technical analysis provides bearish signals, because upside trend is decelerating. Investors will strongly react on news, related to oil markets.

 

Brent oil price graph
Brent oil price graph
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