On Thursday, Brent crude experienced a volatile trading
Crude On Thursday, Brent crude experienced a volatile trading. The combination of a strong Spanish bond auction and an announcement of Nigeria’s main oil union that said it would stop oil production if the government did not accept demand of public regarding restoration of fuel subsidies bolstered the price of Brent which sky-rocketed to nearly 115 USD per barrel (USD/bbl). Nevertheless, the price shrunk to less than 111 USD/bbl in the afternoon after Bloomberg reported that an EU embargo on
FXstreet.com: Technical: Technical Market View
