Oil range tightening is perhaps a sign of a coming breakout
Oil prices are edging higher on Thursday, continuing to recover from the lows earlier this week when Brent briefly breached USD 100 again. Ultimately, we're continuing to see consolidation in crude markets, with the range tightening and potentially setting us up for a volatile breakout in the coming weeks.
The same factors remain at play here and could be the catalyst for an eventual breakout, be it further Chinese lockdowns, slow outpu
28-04-2022 13:32 GMT
by Craig Erlam
