Brent Crude – How Low Can it Go? (Video)

Brent and WTI crude have been on a slippery slope since OPEC and non-OPEC officials announced a deal to extend production cuts by another nine months. With traders perhaps expecting more and questioning whether it would be enough to offset rising production in the US, it soon became a case of how low prices would go.

In this video, Senior Market Analyst Craig Erlam discusses the cuts, explains why he believes the market may have found a temporary bottom and why data over the last 24 hours may have assisted in this.

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This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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