Brent Oil To Soar Amid Increasing Volatility
Brent oil is bound to see prices jump as volatility takes over markets. Brent, which fell moderately —0.4% to $104.19— after marking an intraday low of $102 and a high above $105, will soar amid the ongoing Russia-Ukraine conflict and lower production output. MovementsCrude oil has fallen sharply in recent days after the U.S. announced Thursday the release of 1 million barrels per day from its strategic reserves over the next six months. Q4 2021 hedge fund letters, conferences and more Meanwhile, OPEC+ followed the script and announced an increase of 432,000 barrels per day, in line with forec...