15 December 2025: 16:30 GMT
Sub-$61! The lowest point since May is within touching distance! If you zoom out on the Brent flat price chart, you’ll spot the period of sideways movement from 21 November until 8 December but, in the last week of trading, we’ve been moving steadily downwards. Even so, the prompt structure recovered from its 19c low on Friday afternoon to reach today’s European close at 27c. But the market undeniably lacks conviction. “Everyone has been flip flopping both ways” said a trader
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