Energy

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Energy

Coverage of crude oil and energy markets - OPEC policy, supply/demand balances, and price dynamics.

Brent Crude Oil – What Next After the US-Iran MoU?

Brent crude September futures (CBU26) have broken below the 200-day EMA at $81.31. Fresh short positioning has driven a 30% correction to $77. Rainflo’s models point to strong support in the $72.95–$74.54 range, backed by fundemental and technical reasons.