Buy price
101.213
101.213
101.182
Information regarding past performance is not a reliable indicator of future performance.
Brent settled at $117.64 on 30 Oct, its highest close in six months and just below its Q1 high of $118.35, after a tanker attack near the Strait of Hormuz. It rose about 15% this month.
Saudi Arabia's economy shrank 3.8% in Q3 as oil output and exports fell. Higher oil also feeds inflation, which pushes interest rate expectations up and weighs on stocks.
Levels for 2 to 6 Nov: Support 112.55 and 108.8. Resistance 118.35 and 120.
Next catalyst: US-Iran headlines and the OPEC+ meeting on 5 Dec
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Crude Oil Brent
UKOIL
101.197
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