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Brent Crude Latest: Coordinated SPR Release Unlikely to Affect High Oil Prices

BRENT CRUDE OIL ANALYSIS: Oil price U-turn: Oil prices trading back at the same levels before the SPR rumors and subsequent confirmation. OPEC + Response unclear ahead of the December 2nd meeting. IG Client Sentiment suggests ‘wait and see’ approach ahead of the OPEC meeting. OIL PRICE TURNAROUND: A POSSIBLE CASE OF ‘SELL THE RUMOR BUY THE FACT’? Much has been said in 2020 about a ‘V-shaped’ recovery when referring to the bounce back in the economy but it looks like


MongiIG in Market News

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