Likelihood of rising oil prices increases
Baku, Azerbaijan, Oct. 16
By Taleh Mursagulov – Trend:
The likelihood of rising oil prices is increasing, according to the daily report of the InvestAz investment company.
The company analysts stressed that the hourly chart shows price fluctuations around $81. Therefore, experts think that if the price remains above $78, then the downward trend will be assessed as corrective.
The company analysts think that if Brent oil breaks through $81.45 in an upward direction, then the next target will be $82.40 and $82.95.
In the alternative, if Brent oil breaks $80.21 in a downward direction, then oil prices may drop to $73.20 and $78.20.