Brent oil price to drop down to $50

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Brent oil price has been continuing active decrease since the beginning of 2020 and lost almost 20% or more than $17. It was mainly caused by difficulties in OPEC+ agreement fulfillment, presence of shale companies, new fields and partly by political and medical conditions in the world. Technically, brent oil price has overcome the main support levels and currently is ready to go down to the minimum of 2018 – $50. But the current flat around strong levels gives the bulls a chance for a rollback.

Brent oil price chart
Brent oil price chart
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