Brent Crude – Oil remains volatile amid economic uncertainty

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<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"It's been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today."}]}" data-slate-node="element"><strong>Economic fears mounting</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"It's been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today."}]}" data-slate-node="element"><strong>Concerns of wider conflict in Middle East abating</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"It's been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today."}]}" data-slate-node="element"><strong>Brent may have entered consolidation</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"It's been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today."}]}" data-slate-node="element"><span data-slate-node="text">It&#8217;s been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"It's been a volatile week in the oil market, with prices today down around 2% after rebounding a similar amount a day earlier. The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today."}]}" data-slate-node="element"><span data-slate-node="text">The economy remains a downside factor for oil prices, with traders clearly concerned about growth prospects amid high interest rates. Europe is already struggling under the pressure, as the ECB was keen to point out today.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">Earnings season isn&#8217;t going particularly well and we&#8217;re constantly being reminded of the downside economic risks here too. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">And then there&#8217;s the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkl0J3MlMjBiZWVuJTIwYSUyMHZvbGF0aWxlJTIwd2VlayUyMGluJTIwdGhlJTIwb2lsJTIwbWFya2V0JTJDJTIwd2l0aCUyMHByaWNlcyUyMHRvZGF5JTIwZG93biUyMGFyb3VuZCUyMDIlMjUlMjBhZnRlciUyMHJlYm91bmRpbmclMjBhJTIwc2ltaWxhciUyMGFtb3VudCUyMGElMjBkYXklMjBlYXJsaWVyLiUyMFRoZSUyMGVjb25vbXklMjByZW1haW5zJTIwYSUyMGRvd25zaWRlJTIwZmFjdG9yJTIwZm9yJTIwb2lsJTIwcHJpY2VzJTJDJTIwd2l0aCUyMHRyYWRlcnMlMjBjbGVhcmx5JTIwY29uY2VybmVkJTIwYWJvdXQlMjBncm93dGglMjBwcm9zcGVjdHMlMjBhbWlkJTIwaGlnaCUyMGludGVyZXN0JTIwcmF0ZXMuJTIwRXVyb3BlJTIwaXMlMjBhbHJlYWR5JTIwc3RydWdnbGluZyUyMHVuZGVyJTIwdGhlJTIwcHJlc3N1cmUlMkMlMjBhcyUyMHRoZSUyMEVDQiUyMHdhcyUyMGtlZW4lMjB0byUyMHBvaW50JTIwb3V0JTIwdG9kYXkuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkVhcm5pbmdzJTIwc2Vhc29uJTIwaXNuJ3QlMjBnb2luZyUyMHBhcnRpY3VsYXJseSUyMHdlbGwlMjBhbmQlMjB3ZSdyZSUyMGNvbnN0YW50bHklMjBiZWluZyUyMHJlbWluZGVkJTIwb2YlMjB0aGUlMjBkb3duc2lkZSUyMGVjb25vbWljJTIwcmlza3MlMjBoZXJlJTIwdG9vLiUyMEFuZCUyMHRoZW4lMjB0aGVyZSdzJTIwdGhlJTIwc2l0dWF0aW9uJTIwaW4lMjBHYXphJTIwYW5kJTIwSXNyYWVsJTIwd2hpY2glMjBoYXMlMjBwcmV2aW91c2x5JTIwdHJpZ2dlcmVkJTIwYSUyMHN1cmdlJTIwaW4lMjBvaWwlMjBwcmljZXMlMjBhbmQlMjBpcyUyMG5vdyUyMGJlaW5nJTIwdW53b3VuZCUyMGR1ZSUyMHRvJTIwdGhlJTIwcGVyY2VwdGlvbiUyMHRoYXQlMjB0aGUlMjByaXNrcyUyMG9mJTIwYSUyMHdpZGVyJTIwY29uZmxpY3QlMjBhcmUlMjBmYWxsaW5nLiUyMiU3RCU1RCU3RCU1RA=="><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/dWS3RNsvb3o?si=R_FAzC41oxX-FcQ6" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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"><strong>Consolidation in crude?</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkl0J3MlMjBiZWVuJTIwYSUyMHZvbGF0aWxlJTIwd2VlayUyMGluJTIwdGhlJTIwb2lsJTIwbWFya2V0JTJDJTIwd2l0aCUyMHByaWNlcyUyMHRvZGF5JTIwZG93biUyMGFyb3VuZCUyMDIlMjUlMjBhZnRlciUyMHJlYm91bmRpbmclMjBhJTIwc2ltaWxhciUyMGFtb3VudCUyMGElMjBkYXklMjBlYXJsaWVyLiUyMFRoZSUyMGVjb25vbXklMjByZW1haW5zJTIwYSUyMGRvd25zaWRlJTIwZmFjdG9yJTIwZm9yJTIwb2lsJTIwcHJpY2VzJTJDJTIwd2l0aCUyMHRyYWRlcnMlMjBjbGVhcmx5JTIwY29uY2VybmVkJTIwYWJvdXQlMjBncm93dGglMjBwcm9zcGVjdHMlMjBhbWlkJTIwaGlnaCUyMGludGVyZXN0JTIwcmF0ZXMuJTIwRXVyb3BlJTIwaXMlMjBhbHJlYWR5JTIwc3RydWdnbGluZyUyMHVuZGVyJTIwdGhlJTIwcHJlc3N1cmUlMkMlMjBhcyUyMHRoZSUyMEVDQiUyMHdhcyUyMGtlZW4lMjB0byUyMHBvaW50JTIwb3V0JTIwdG9kYXkuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkVhcm5pbmdzJTIwc2Vhc29uJTIwaXNuJ3QlMjBnb2luZyUyMHBhcnRpY3VsYXJseSUyMHdlbGwlMjBhbmQlMjB3ZSdyZSUyMGNvbnN0YW50bHklMjBiZWluZyUyMHJlbWluZGVkJTIwb2YlMjB0aGUlMjBkb3duc2lkZSUyMGVjb25vbWljJTIwcmlza3MlMjBoZXJlJTIwdG9vLiUyMEFuZCUyMHRoZW4lMjB0aGVyZSdzJTIwdGhlJTIwc2l0dWF0aW9uJTIwaW4lMjBHYXphJTIwYW5kJTIwSXNyYWVsJTIwd2hpY2glMjBoYXMlMjBwcmV2aW91c2x5JTIwdHJpZ2dlcmVkJTIwYSUyMHN1cmdlJTIwaW4lMjBvaWwlMjBwcmljZXMlMjBhbmQlMjBpcyUyMG5vdyUyMGJlaW5nJTIwdW53b3VuZCUyMGR1ZSUyMHRvJTIwdGhlJTIwcGVyY2VwdGlvbiUyMHRoYXQlMjB0aGUlMjByaXNrcyUyMG9mJTIwYSUyMHdpZGVyJTIwY29uZmxpY3QlMjBhcmUlMjBmYWxsaW5nLiUyMiU3RCU1RCU3RCU1RA==">From a technical perspective, BCOUSD appears to have entered a consolidation phase with a lot of choppy trading in recent days.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkl0J3MlMjBiZWVuJTIwYSUyMHZvbGF0aWxlJTIwd2VlayUyMGluJTIwdGhlJTIwb2lsJTIwbWFya2V0JTJDJTIwd2l0aCUyMHByaWNlcyUyMHRvZGF5JTIwZG93biUyMGFyb3VuZCUyMDIlMjUlMjBhZnRlciUyMHJlYm91bmRpbmclMjBhJTIwc2ltaWxhciUyMGFtb3VudCUyMGElMjBkYXklMjBlYXJsaWVyLiUyMFRoZSUyMGVjb25vbXklMjByZW1haW5zJTIwYSUyMGRvd25zaWRlJTIwZmFjdG9yJTIwZm9yJTIwb2lsJTIwcHJpY2VzJTJDJTIwd2l0aCUyMHRyYWRlcnMlMjBjbGVhcmx5JTIwY29uY2VybmVkJTIwYWJvdXQlMjBncm93dGglMjBwcm9zcGVjdHMlMjBhbWlkJTIwaGlnaCUyMGludGVyZXN0JTIwcmF0ZXMuJTIwRXVyb3BlJTIwaXMlMjBhbHJlYWR5JTIwc3RydWdnbGluZyUyMHVuZGVyJTIwdGhlJTIwcHJlc3N1cmUlMkMlMjBhcyUyMHRoZSUyMEVDQiUyMHdhcyUyMGtlZW4lMjB0byUyMHBvaW50JTIwb3V0JTIwdG9kYXkuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkVhcm5pbmdzJTIwc2Vhc29uJTIwaXNuJ3QlMjBnb2luZyUyMHBhcnRpY3VsYXJseSUyMHdlbGwlMjBhbmQlMjB3ZSdyZSUyMGNvbnN0YW50bHklMjBiZWluZyUyMHJlbWluZGVkJTIwb2YlMjB0aGUlMjBkb3duc2lkZSUyMGVjb25vbWljJTIwcmlza3MlMjBoZXJlJTIwdG9vLiUyMEFuZCUyMHRoZW4lMjB0aGVyZSdzJTIwdGhlJTIwc2l0dWF0aW9uJTIwaW4lMjBHYXphJTIwYW5kJTIwSXNyYWVsJTIwd2hpY2glMjBoYXMlMjBwcmV2aW91c2x5JTIwdHJpZ2dlcmVkJTIwYSUyMHN1cmdlJTIwaW4lMjBvaWwlMjBwcmljZXMlMjBhbmQlMjBpcyUyMG5vdyUyMGJlaW5nJTIwdW53b3VuZCUyMGR1ZSUyMHRvJTIwdGhlJTIwcGVyY2VwdGlvbiUyMHRoYXQlMjB0aGUlMjByaXNrcyUyMG9mJTIwYSUyMHdpZGVyJTIwY29uZmxpY3QlMjBhcmUlMjBmYWxsaW5nLiUyMiU3RCU1RCU3RCU1RA=="><strong>BCOUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-808379" src="https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25-1024×402.png" alt="" width="619" height="243" srcset="https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25-1024×402.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25-300×118.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25-768×302.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25-1536×603.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/10/BCOUSD_2023-10-26_19-11-25.png 1793w" sizes="(max-width: 619px) 100vw, 619px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkl0J3MlMjBiZWVuJTIwYSUyMHZvbGF0aWxlJTIwd2VlayUyMGluJTIwdGhlJTIwb2lsJTIwbWFya2V0JTJDJTIwd2l0aCUyMHByaWNlcyUyMHRvZGF5JTIwZG93biUyMGFyb3VuZCUyMDIlMjUlMjBhZnRlciUyMHJlYm91bmRpbmclMjBhJTIwc2ltaWxhciUyMGFtb3VudCUyMGElMjBkYXklMjBlYXJsaWVyLiUyMFRoZSUyMGVjb25vbXklMjByZW1haW5zJTIwYSUyMGRvd25zaWRlJTIwZmFjdG9yJTIwZm9yJTIwb2lsJTIwcHJpY2VzJTJDJTIwd2l0aCUyMHRyYWRlcnMlMjBjbGVhcmx5JTIwY29uY2VybmVkJTIwYWJvdXQlMjBncm93dGglMjBwcm9zcGVjdHMlMjBhbWlkJTIwaGlnaCUyMGludGVyZXN0JTIwcmF0ZXMuJTIwRXVyb3BlJTIwaXMlMjBhbHJlYWR5JTIwc3RydWdnbGluZyUyMHVuZGVyJTIwdGhlJTIwcHJlc3N1cmUlMkMlMjBhcyUyMHRoZSUyMEVDQiUyMHdhcyUyMGtlZW4lMjB0byUyMHBvaW50JTIwb3V0JTIwdG9kYXkuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkVhcm5pbmdzJTIwc2Vhc29uJTIwaXNuJ3QlMjBnb2luZyUyMHBhcnRpY3VsYXJseSUyMHdlbGwlMjBhbmQlMjB3ZSdyZSUyMGNvbnN0YW50bHklMjBiZWluZyUyMHJlbWluZGVkJTIwb2YlMjB0aGUlMjBkb3duc2lkZSUyMGVjb25vbWljJTIwcmlza3MlMjBoZXJlJTIwdG9vLiUyMEFuZCUyMHRoZW4lMjB0aGVyZSdzJTIwdGhlJTIwc2l0dWF0aW9uJTIwaW4lMjBHYXphJTIwYW5kJTIwSXNyYWVsJTIwd2hpY2glMjBoYXMlMjBwcmV2aW91c2x5JTIwdHJpZ2dlcmVkJTIwYSUyMHN1cmdlJTIwaW4lMjBvaWwlMjBwcmljZXMlMjBhbmQlMjBpcyUyMG5vdyUyMGJlaW5nJTIwdW53b3VuZCUyMGR1ZSUyMHRvJTIwdGhlJTIwcGVyY2VwdGlvbiUyMHRoYXQlMjB0aGUlMjByaXNrcyUyMG9mJTIwYSUyMHdpZGVyJTIwY29uZmxpY3QlMjBhcmUlMjBmYWxsaW5nLiUyMiU3RCU1RCU3RCU1RA==">Source &#8211; OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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">That may become clearer over the coming days if it remains above the 55/89-day simple moving average band and the rising trend line, given the recent failure to break new highs.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Earnings season isn't going particularly well and we're constantly being reminded of the downside economic risks here too. And then there's the situation in Gaza and Israel which has previously triggered a surge in oil prices and is now being unwound due to the perception that the risks of a wider conflict are falling. "}]}" data-slate-node="element" data-slate-fragment="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">A move below here may indicate it&#8217;s entered a corrective phase, although it may take a move below the October lows just below $84 to back that up.</p>