...

Likelihood of rising oil prices increases

Oil&Gas Materials 16 October 2018 20:56 (UTC +04:00)

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.

Tags:
Latest

Latest