Crude Oil Update: Brent Up Against Strong Dollar and Demand-Side Factors - DailyFX
7/14/2022 12:00:00 AM2 years 9 months ago
by Warren Venketas
by Warren Venketas
Brent crude oil grapples with tight supply conditions but worsening recession fears and a weak Chinese economy has dampened prices.
BRENT CRUDE OIL (LCOc1) TALKING POINTS
- Greenback and demand-side factors weigh on crude oil.
- Biden visits Middle East.
- Possible bull flag emerging on daily chart.