Brent testing the 200dma at USD 78.6/b with API indicating rising US oil inventories
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Brent testing the 200dma at USD 78.6/b with API indicating rising US oil inventories

Brent touching down to the 200dma.

Brent crude traded down for a fifth day yesterday with a decline of 0. 4% to USD 70/b.

This morning it has traded as low as USD 78.

6/b and touched down and tested the 200dma at USD 78.

6/b before jumping back up and is currently trading up 0.

2% on the day.

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