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Rory Johnston: Brent swings from $5 loss to $2 gain in a day

Rory Johnston: Brent swings from $5 loss to $2 gain in a day
Brent crude shifts sharply in a day

Rory Johnston, industry influencer, observed that Brent crude experienced a notable reversal, shifting from a $5 per barrel decline to a $2 per barrel gain within the same day.

Johnston remarked that such dramatic price swings, once seen as highly unusual, have now become commonplace in current market conditions.

Earlier this month, Rory Johnston highlighted that July Brent crude was trading above $113 per barrel, marking a significant price point during the crisis here. Separately, Javier Blas reported that oil market engagement doubled over a nine-week period here. These developments reflect increased activity and notable price levels in the oil market in recent weeks.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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