Oil finally breaks higher and with decent momentum
Another strong showing on Friday saw oil prices finally make a significant move higher, with Brent breaking above $77 and ending the series of lower highs in price. There still remain obstacles above but this could be a very significant breakout in the price after such a long period of consolidation.
What's more there doesn't appear to be any shortage of momentum behind the move; in fact, it has seemingly increased which could be another bullish
10-07-2023 12:15 GMT
by Craig Erlam