Fuel Crisis Deepens in Russia: Moscow Limits Gasoline Sales Per Vehicle

The fuel crisis in Russia and the restrictions imposed on gasoline sales could support Brent oil prices in the short term by increasing supply concerns. In technical indicators, the RSI at 51.66 is in neutral territory, while the MACD is slightly below the signal line but in positive territory, indicating that upward momentum has not yet strengthened. The price is just below the SMA20 and above the SMA50, suggesting that the medium-term trend remains bullish, but resistance may be encountered in the short term. The expectation of supply disruptions driven by news, combined with the current technical outlook, makes a limited rise toward the 91.5-92.5 band possible. However, an excessive move should not be expected, as the market is cautious in pricing such news.

The fuel crisis in Russia and the restrictions imposed on gasoline sales could support oil prices in the short term by increasing supply concerns. On the technical indicators, the RSI is at a neutral level (49), and the price is balanced between the SMA20 and SMA50, laying the groundwork for an upward move. Although the MACD is slightly below the signal line, the news flow stands out as a positive catalyst. However, the movement is expected to remain limited, as the market may have already priced in supply-side risks. In the short term, the resistance zone of $85-86 could be tested.