Brent fell 1.1% last week after rising nearly 12% in the previous two weeks. Since January, the global crude oil benchmark is up less than 1%. Oil shipments from Russia’s Baltic ports are the main reason for the declines observed during the week.
Oil Price Outlook: Technical chartist Sunil Kumar Dixit, who is also Chief Technical Strategist at SKCharting.com, explained that if WTI isn’t in the drama OPEC+ is dragging at its Feb. 1 meeting, then the US crude benchmark…
