Brent crude is expected to stay below the $45 resistance levels in the coming days.
Crude oil prices started the trading week at London’s session with a decline, due to growing concerns on oil glut. This macro is coming to light...
Despite the drop, Brent crude is still expected to experience its fourth monthly gain in July.
Brent crude gained about to trade at $44.32 a barrel by 3.49 am.
Brent crude futures gained 1.46% while West Texas Intermediate (WTI) rose 0.91% to trade at $41.81.
Brent crude lost about 0.59%, to trade at $43.52 per barrel by 05.33 am GMT.
OPEC+ is expected to further step up oil production cuts beyond the July expiry date.
Brent crude lost about or 1.62 to trade at $42.04 per barrel.
Brent Crude lost about 0.62% to trade at $42.94 a barrel, at 6.05 am Nigerian time.
It appears that Brent is heading towards a weekly decline of about 2%.