Analysts reveal oil price forecast for Oct. 8
Baku, Azerbaijan, Oct. 8
By Taleh Mursagulov - Trend:
The price of Brent crude oil is falling amid a rising US Dollar Index (USDX), the daily report of the investment company InvestAz reads.
At the same time, InvestAz analysts emphasize that the price is fluctuating within the global uptrend, and this should be taken into account.
As of 10:36 (GMT +4), the price of Brent crude oil was $83.37 per barrel.
At the same time, the USDX is 95.8, which is a 0.5 points increase compared to the beginning of last week.
Analysts of the company note that if the price remains below $84.06, the next target for the decrease is $82.47 and $81.16. In case of breaking through the level of $84.53, the price will reach the target of $85.36 and $86.71.