11:09 AM · 10 March 2021

⛽ Brent struggles near $67.00

Brent (OIL) launched this week above $70 handle, the highest level early-January 2020, amid tensions in the Middle East. Gains started to be erased and price dropped over 5% off the local high during the past two days. API data showed an unexpected, massive build in oil inventories yesterday with stockpiles increasing by 12.8 million barrels (exp. -0.8 mb). Today's DOE report at 3:30 pm GMT will be closely watched for confirmation.

In meanthine, OIL has found support in the area slightly below $67.00 today and bounced higher. The area is marked with the 50% retracement of recent upward impulse, lower limit of the Overbalance structure and previous price reactions. However, the recovery move looks to be losing steam. A break below the aforementioned support may signal a short-term trend bearish reversal.

Brent (OIL). H1 interval. Source: xStation5

1 July 2026, 3:51 PM

BREAKING: Oil inventory report still shows a decline. WTI crude oil at its lowest since the end of February

1 July 2026, 3:22 PM

Fed Warsh tones down the hawkish sentiment and gives hope gold bulls🟡

1 July 2026, 10:50 AM

Cocoa prices are rising again. Will chocolate become even more expensive?

1 July 2026, 10:39 AM

Chart of the day: Gold Below Psychological $4,000 Level as Rate Hike Fears Deepen 🟡 📉(01.07.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits