Brent Oil Closes Week with 8% Decline

Although oil prices showed some recovery on the last trading day of the week, they are experiencing a significant weekly loss due to geopolitical developments. Brent crude lost approximately 8% as supply concerns eased amid optimism over the Israel-Hezbollah ceasefire and a US-Iran agreement. Markets are seeing the war premium fade as conflicts in the Middle East subside. However, investors are trying to balance geopolitical risks in the Strait of Hormuz with potential supply increases. Brent's weekly decline strengthens expectations of a supply surplus in global oil markets, signaling that prices could fall further in the short term. Analysts suggest that if the ceasefire and agreement process proves lasting, oil prices could retreat to lower levels. This is not investment advice.

📊 BRENT — Piyasa Yorumu

■ neutral · 60%

Despite an 8% decline on a weekly basis, technical indicators are signaling a short-term recovery. The RSI at 54 is in neutral territory, while the MACD is above its signal line and positive, indicating a slight upward shift in momentum. The price has closed above the 20- and 50-day moving averages, suggesting that support levels are holding. However, following the sharp weekly decline, the market may take time to find direction. A sideways trend or limited upside is expected in the near term.

RSI 14

53.9

MACD

0.19

24h Δ

1.23%

Canlı Grafikler