CFD sur Pétrole brut Brent
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$UKOIL could revisit $105 by early 2024

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Hi guys! 👋🏻

🔔 Brent Crude may revisit $105 based on this weekly chart, on a longer term, we might see the price of the oil to rise to $170.

🔔 The US is easening the access to the market for Iran, whereas Iran reported that it will increase its production to fulfill the market's demand.

🔔 On the other side, OPEC will take necessary measures to keep the price higher by either cutting the production or negotiating with Iran on global oil production quota.

🔔 Iran's access to the global market won't intie Iran's hands on producing and selling oil at its will, as the state is also a long-time member of the Cartel.

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