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Brent crude prices regain roughly half yesterday's loss, Rory Johnston notes

Brent crude prices regain roughly half yesterday's loss, Rory Johnston notes
Brent crude rebound and timespreads update

Brent crude prices have rebounded, recovering approximately half of the previous session's decline. Prompt Brent crude timespreads have also returned to levels seen on Monday, according to Rory Johnston.

Rory Johnston previously noted a bearish divergence between prompt Brent crude futures and the corresponding timespread. He also observed that crude oil prices rebounded into positive territory after an initial decline. Johnston has flagged the potential for continued volatility during the week.

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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