20 August 2025: 09:30 BST
Brent breaks out! Flat price gathered some upward momentum this morning once Europe awoke from its slumber, climbing from the upper-$65 range to $66.42/bbl by the Asian close. It even had a sniff of the $67 handle, briefly looking like it would keep approaching after the window before bedding in around $66.50. We’ve failed to get convincingly above $67 since 7 August, though we’ve also struggled to break below $65 for more than minutes on 13 August. If it looks ready to burst one way, it’s got to be upwards! Beware the bear trap!
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