Brent Crude Holds Near $95.84 Ahead of Futures Open
Brent crude settled at $95.84 on Sunday, with analysts eyeing $98 bullish and $91 bearish targets ahead of the futures market opening.
Brent crude settled at $95.84 on Sunday, just before the global futures market opens. The price reflects a modest hold amid mixed market signals, with analysts highlighting a bullish target of $98 and a bearish floor at $91.
Price Overview
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The benchmark Brent crude oil price hovered at $95.84, showing little movement from the previous close. No significant percentage change was reported.
Market Drivers
Iran's recent claims of increased mining output have been cited as a factor influencing sentiment, though the impact on supply remains unclear.
Outlook
Traders will watch the upcoming futures session for direction. The $98 bullish level and $91 bearish level serve as reference points for potential price swings.
Key facts
- Brent crude closed at $95.84 on Sunday.
- Analysts cite $98 as a bullish target.
- Bearish threshold identified at $91.
- Price reported before futures market opens.
Source: news.google.com
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