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Brent Crude Oil Analysis: Bulls Hold the Line at Key Support - Action Forex

Summary by Action Forex
The XBR/USD chart reveals that Brent crude oil is trading near its lowest levels of the year. Several factors are pressuring oil prices: → China’s uncertain demand outlook: As the world’s largest crude oil importer, any signs of weakening demand weigh heavily on the market. → A strengthening US dollar: Since Brent is priced in […] The post Brent Crude Oil Analysis: Bulls Hold the Line at Key Support appeared first on Action Forex.
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