Daily Trend: UP
Brent price reached a high at $76.80 early July and fell rapidly in the third week to a low of $66.91 in what appeared to be a market response to the OPEC meeting on 1st July. During the final week of July as price recovered, we saw a break of the positive correlation to DXY.
Upcoming High Impact Events –
- OPEC+ countries to increase supply of oil in August by 400,000 barrels per day through to December
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TRADDICTIV · Research Team