(CercleFinance.com) – Brent oil suffered a sharp relapse below $83, in the wake of gas prices and as Chinese industry slowed down.
The barrel experienced a volatile session with a large gap between $87 on Tuesday morning and $82.7 at the end of the afternoon (8 hours later).
Below $83, Brent is exiting its short-term ascending channel from below: the correction could continue towards $79.2 then $77 (ex-zenith of July 5, 2021).
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