Crude Oil Update: Brent Finds Support as Focus Shifts to OPEC+ Next Week - DailyFX
6/24/2022 12:00:00 AM2 years 10 months ago
by Warren Venketas
by Warren Venketas
Brent crude prices look to be making a comeback as the OPEC+ meeting looms. Crude oil conditions remains tight in spite of recent downside.
BRENT CRUDE OIL (LCOc1) ANALYSIS
- Backwardation points to elevated prices.
- Recession woes may be declining.
- OPEC+ output levels.