Brent Breaks Above $91 as Bullish Sentiment Builds ...Middle East

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Brent Breaks Above $91 as Bullish Sentiment Builds
source : OILPRICE ( Middle East ) () 113
Oil prices rallied this week as geopolitical risk and supply issues added to bullish sentiment, although concern that the Fed might not cut interest rates this year could counter that sentiment.Friday, April 5th 2024Aided by a whirlwind of bullish news, Brent prices surpassed the $90 per barrel threshold and surged past the $91 per barrel mark on Friday morning. The anticipation of Iran’s retaliatory strike on Israel, a developing Mexico export shortage, and the continuation of OPEC+ cuts have boosted sentiment in the oil market…

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