Tag Archives: Brent Oil

Brent crude oil futures rose 1% on Thursday, settling at $79.16 per barrel. The increase was built upon a 2.4% gain from the previous session. Several factors supported the upward movement, including positive U.S. job data, which eased fears of a recession. In the US, weekly jobless claims fell to 233,000 for the week ending […]

The price of copper soared beyond $4.6 per pound, nearing the peak of $4.7 set two years ago, amid a weakening dollar and rising concerns over supply. The combination of investors anticipating interest rate reductions and a disappointing U.S. jobs report exerted downward pressure on the U.S. dollar.  This, in turn, enhanced the buying capacity […]

Brent crude futures dropped over 1% to under $90 per barrel on Monday, with the reduction in Middle East tensions having a greater impact than the anticipated tightening of worldwide supply. The decrease in hostilities became apparent as Israel pulled additional forces out of Southern Gaza, presumably reacting to mounting global pressure. Moreover, the resumption […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the OIL for 15th March 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Comprehensive Brent Oil Analysis for December 20, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 20th December 2023. Brent Oil Analysis Key Takeaways Brent Oil Technical Analysis Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion

OPEC Report Quells Demand Worries, Brent Oil Recovers Lost Ground As the world converges at COP28 to discuss a future less dependent on fossil fuels, the latest report from OPEC offers insights into the trajectory of oil demand, projecting a substantial growth in the coming year. Amid the push for green energy, OPEC remains optimistic […]

Comprehensive Brent Oil Analysis for December 6, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 6th December 2023.  Brent Oil Key Takeaways Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Comprehensive Brent Oil for November 9, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the BRENT OIL for 9th November 2023.  Key Takeaways  Brent Oil Technical Analysis Brent Oil Daily Chart Insights Brent Oil 1-hour Chart Analysis Ultima Markets MT4 Pivot Indicator Bottom Line

Comprehensive Brent Oil for November 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd November 2023. Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion 

Comprehensive Brent Oil for October 27, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 27th October 2023.  Key Takeaways  Brent Oil Technical Analysis  Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Ultima Markets MT4 Pivot Indicator Conclusion