Brent rose 0.4% to $67.05 yesterday. This is the first time in more than a month that the benchmark crude has closed above the $67 level. In the view of strategists at OCBC Bank, crude oil looks set to resume its upward climb. Crude oil posts a break to the upside “In the past two weeks the 5-day average of Asia gasoline and crack spreads have been inching higher. In the case of gasoline, whether one looks at the gasoline FOB Houston-WTI crack margin or the Asia 92 RON Singapore gasoline-Brent spread, those have been closing in on the highs seen in 2019 and are pointing to a supply tightness in the market, by virtue of which suggests commuters are now increasingly up and moving.” “Specs are the least long on NYMEX on a YTD basis as of last Tuesday and that presents an opportunity for longs to start building their positions again.” “We stay bullish on crude oil in both the short and medium-term, with near-term resistance eyed at $69.” 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 China: The most interesting investing opportunities are domestic consumption, technological innovation and energy transition – JP Morgan FX Street 2 years Brent rose 0.4% to $67.05 yesterday. This is the first time in more than a month that the benchmark crude has closed above the $67 level. In the view of strategists at OCBC Bank, crude oil looks set to resume its upward climb. Crude oil posts a break to the upside "In the past two weeks the 5-day average of Asia gasoline and crack spreads have been inching higher. In the case of gasoline, whether one looks at the gasoline FOB Houston-WTI crack margin or the Asia 92 RON Singapore gasoline-Brent spread, those have been closing in on the highs… 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.
