Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / COM - BNO: Volatile Crude Oil In The Buy Zone Until November

COM - BNO: Volatile Crude Oil In The Buy Zone Until November

Direxion Auspice Broad Commodity Strategy

2024-06-18 14:05:54 ET

Summary

  • Brent and WTI are global benchmarks for crude oil, with different qualities suited for gasoline and distillate products.
  • Brent Crude Oil prices have shown a narrowing price range over the past years, with a consolidation pattern indicating a potential technical break.
  • Recent bearish trend in Brent futures ended in mid-June, influenced by OPEC's production policy and low U.S. inventories, with potential for upside spikes due to geopolitical factors.
  • United States Brent Oil Fund, LP ETF is the Brent Crude Oil ETF product.

While there are many grades and qualities of crude oil, the global benchmarks are Brent North Seas petroleum, trading on the Intercontinental Exchange, and West Texas Intermediate crude oil, trading on the Chicago Mercantile Exchange’s NYMEX division....

For further details see:

BNO: Volatile Crude Oil In The Buy Zone Until November
Stock Information
Company Name: Direxion Auspice Broad Commodity Strategy
Stock Symbol: COM
Market: NYSE
Menu
COM COM Quote COM Short COM News COM Articles COM Message Board
Get COM Alerts

News, Short Squeeze, Breakout and More Instantly...