Lates News

The analyst pointed out that the long and short watershed of Brent crude oil is around 107 US dollars: if the daily closing price is higher than 107 US dollars, the oil price may still have the possibility of a third surge to the double top limit of 119 US dollars, provided that disturbances in the Strait of Hormuz continue; if it falls below 107 US dollars, the market focus will shift to the 100 US dollar support level; further falling below 100 US dollars may potentially test down to 88 US dollars.