🛢️ Oil prices see a slight pullback, and Brent crude’s after-hours trading falls below $88!
The latest quotes show that Brent crude’s after-hours price has dropped below $88 per barrel, with an intraday decline of more than 0.1%.
The drop isn’t large, but this level is worth keeping an eye on.
📌My view:
Oil right now looks more like it’s searching for a new direction while trading at high levels.
On one side are geopolitical developments and uncertainties on the supply side, which provide support to oil prices; on the other side, demand expectations and global economic performance may limit upside.
So in the short term, if oil is to continue pushing higher, it will likely need a new catalyst.
🔥 $88 is a psychological level worth watching.
If it breaks down and keeps weakening afterward, it suggests that selling pressure from above is starting to increase; if it quickly rebounds, it may just be a short-term shakeout.
Oil’s rise and fall depends on supply and demand, but what truly drives the market is often expectations.
Next, focus on whether crude can reclaim and trade back above $88.👀$AKE $MAGMA $DEXE #MOVR #CYS #HUMA #TAC #龙虾
The latest quotes show that Brent crude’s after-hours price has dropped below $88 per barrel, with an intraday decline of more than 0.1%.
The drop isn’t large, but this level is worth keeping an eye on.
📌My view:
Oil right now looks more like it’s searching for a new direction while trading at high levels.
On one side are geopolitical developments and uncertainties on the supply side, which provide support to oil prices; on the other side, demand expectations and global economic performance may limit upside.
So in the short term, if oil is to continue pushing higher, it will likely need a new catalyst.
🔥 $88 is a psychological level worth watching.
If it breaks down and keeps weakening afterward, it suggests that selling pressure from above is starting to increase; if it quickly rebounds, it may just be a short-term shakeout.
Oil’s rise and fall depends on supply and demand, but what truly drives the market is often expectations.
Next, focus on whether crude can reclaim and trade back above $88.👀$AKE $MAGMA $DEXE #MOVR #CYS #HUMA #TAC #龙虾
