Brent Outlook (4th July 2022)
OPEC+ has announced the decision to increase oil production level to 648kbpd, reducing supply constraints targetted towards alleviating the soaring prices in the energy market.
Brent unlikely to develop a clear directional bias, with price likely to be supported by the 108 support and the 110 & 114 resistance area.
Brent unlikely to develop a clear directional bias, with price likely to be supported by the 108 support and the 110 & 114 resistance area.
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