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Crude extends gains on Potential OPEC+ Cuts

OIL

Crude extends gains on prospect of OPEC+ production cuts testing the 20 day EMA resistance levels of 88.93$/bbl on Brent and 83.31$/bbl on WTI.

  • Brent DEC 22 up 4.2% at 88.69$/bbl
  • WTI NOV 22 up 4.3% at 82.94$/bbl
  • Brent DEC 22-JAN 23 up 0.22$/bbl at 1.84$/bbl
  • Brent DEC 22-DEC 23 up 1.56$/bbl at 11.9$/bbl

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