TheNews

Brent Crude oil price is on secondary ranging below and near Ichimoku cloud waiting for the intra-day bearish trend to be continuing in case the price breaks 105.99 key level to below or the bullish reversal to be started in case the price breaks 113.86 to above.

• Crude prices continue to sway back and forth on news headlines
• How effective will OPEC + spare capacity prove to be if utilized?
• Oil prices remains susceptible to upside risks in the absence of additional output

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