Crude Oil Price Analysis – Oil Drifting as World Waits for Next Headline
FX Empire·2026-04-14 22:16
The Brent market is currently sitting right around the $97.60 level, just below the crucial $100 level. The $92 level over here is support again. This is going to be driven by the latest headlines. It does look like the oil market is starting to slow down, which leads me to believe maybe shorting could end up being the way to go.We just need good news geopolitically to make that happen. I do think that oil has a higher floor than it did before the war. I do not expect to see Brent falling all the way down t ...