OCBC Bank’s strategists think the current oil rally needs to take a breath though the price is expected to hit $40 by year-end. Check more info about oil markets Key quotes “With Brent now having tested the $35/bbl resistance, we maintain our view that this bull run is in need of a breather, albeit short-lived.” “The lacklustre crack margins are a sign that oil prices have run up too fast, and more time is needed for downstream prices to rise given that reopening of economies is just starting.” “Beyond the short-term we remain bullish on prices, with an eye on Brent closing at around $40/bbl by the end of 2020.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY: Above 116.94 can see a base maintained with resistance seen at 118.53/63 – Credit Suisse FX Street 3 years OCBC Bank’s strategists think the current oil rally needs to take a breath though the price is expected to hit $40 by year-end. Check more info about oil markets Key quotes “With Brent now having tested the $35/bbl resistance, we maintain our view that this bull run is in need of a breather, albeit short-lived.” “The lacklustre crack margins are a sign that oil prices have run up too fast, and more time is needed for downstream prices to rise given that reopening of economies is just starting.” “Beyond the short-term we remain bullish on prices, with an eye on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
