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Home›Forex›Major Pairs›Brent Oil Extends Steep Rally on Deteriorating Geopoli…

Brent Oil Extends Steep Rally on Deteriorating Geopolitical Situation

Reported · Written up by our desk · Major Pairs

Brent oil rose to the highest since early May on Friday, extending strong bullish acceleration from $110 zone into second consecutive day (the contract advanced 2.6% on Thursday and additional 1.4% on Friday morning). Growing threats that the situation in the Middle East (Yemen and Iran) could completely run out of control if conflicts escalate, […] The post Brent Oil Extends Steep Rally on Deteriorating Geopolitical Situation appeared first on ActionForex .

Latest closeBrent $111.66 ▼1.3%

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Action ForexBrent Oil Extends Steep Rally on Deteriorating Geopolitical Situation

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