Oil surges on Russia sanction threats but long-term risks remainOil prices have climbed around 6% this week, driven by two key developments: a trade deal between the EU and the US, and Donald Trump’s warning that the US may impose sanctions on Russian oil buyers within 10 days unless progress is made toward ending the Russia-Ukraine war.
Russia accounts for abo
Brent: Crude Loses Its Shine Amid Mass Selloffs and Global FearsBy Ion Jauregui – Analyst at ActivTrades
Bearish pressure is intensifying in the oil market, with Brent crude leading the liquidation among major investment funds. The expiration of U.S. tariff exemptions on August 1st, combined with a global economic slowdown, has triggered a wave of risk aversio
WTI short in OPEC production hike and technical breakout Interesting chart for WTI with a nice daily downtrend and 4hr counter trendline + support level for a breakout. This is further supported by the OPEC production hike, would like to see a higher inventories reading too.
Things that could negatively effect this position are sanctions being put on R
BRENT: OPEC+ Reacts as a New Geopolitical Chapter LoomsIon Jauregui – Analyst at ActivTrades
The oil market is bracing for a new episode of high tension. With Brent stabilizing around $70 per barrel, OPEC+ has made a decisive move: starting in September, it will increase production by 547,000 barrels per day—a decision that could significantly alter t
XBR/USD Chart Analysis: Oil Price Declines Towards Key SupportXBR/USD Chart Analysis: Oil Price Declines Towards Key Support
As the XBR/USD chart shows, Brent crude oil has made two significant moves recently:
Last week’s price increase (A) followed President Donald Trump’s intentions to impose tariffs on India due to its purchases of Russian oil. This c
Brent Crude corrective pullback support at 7133The Brent Crude remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 7133 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 7133 would confirm ong
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Displays a symbol's price movements over previous years to identify recurring trends.