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

12 October 2026, 3:11 PM

US OPEN: Wall Street under pressure from oil and semiconductors

12 October 2026, 12:36 PM

📊Market Wrap: Europe Rebouns Despite Higher Oil and Dollar (12.10.2026)

12 October 2026, 8:48 AM

Economic Calendar: Where will stock exchanges remain closed today? (12.10.2026)

12 October 2026, 7:46 AM

Morning Wrap: Oil cheaper despite attacks on Saudi Arabia, markets await CPI (12.10.2026)

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