Brent Crude Retreats from $108 Level Amid US Stock Build

Brent crude oil prices fell to $107.84 after reaching a four-month high driven by supply cuts in Saudi Arabia, as an unexpected increase in US inventories weighed on the market. The decline has reignited concerns about the supply-demand balance. The unexpected rise in US crude stockpiles interrupted the upward trend. The inventory build was interpreted as a signal of weakening global oil demand and exerted downward pressure on prices. Meanwhile, uncertainties surrounding Saudi Arabia's Yanbu terminal are limiting the price decline. Ongoing risks related to supply cuts continue to cause volatility in the oil market. This pullback, following Brent crude's four-month peak, indicates that investors are focusing on US inventory data and geopolitical developments. The market continues to closely monitor supply-side news flow. Not investment advice.

📊 BRENT — Piyasa Yorumu

▼ down · 55%

Brent crude retreated from around $108 following news of a US stock build, which could create near-term oversupply concerns and selling pressure. However, the price remains above the SMA20 (106.15) and SMA50 (106.72), with RSI at 56 in neutral territory and MACD slightly above the signal line. Therefore, the bearish signal is weak; the 106-107 band may act as support. The news impact may be limited, and unless the $108 resistance is broken, upward movement appears difficult.

RSI 14

56.4

MACD

0.67

24h Δ

0.62%

Canlı Grafikler