Brent Oil Forecast – Oil Rallies As Trump Revokes Chevron’s Venezuela Licence

neft-l5Brent oil climbed towards the $74.00 level.

Brent oil gained ground as traders focused on Venezuela and ignored Trump’s plans to impose 10% tariffs on China.

A move above the $74.00 level opens the way to the test of the 50 MA at $76.20.

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Brent Oil Daily Chart

Brent Oil

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