Brent Oil – Bears May Take a Breather Above 200Dma

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Brent fell over 15% in past four days, after the story about US-Iran peace agreement gained momentum, and neared levels it traded at the beginning of war. Growing optimism that the conflict may end soon and prevent disastrous scenario for the global energy market on prolonged closure of Hormuz strait, increased pressure on oil prices […]The post Brent Oil – Bears May Take a Breather Above 200Dma appeared first on ActionForex.