Brent
31 MAY
13:51
BRN to recover above 21-period SMA (~$82.793/bbl)?
BRN bulls are attempting to recover from yesterday's (May 30th) sharp slide following comments from US Fed officials. An unexpected rise in the EIA gasoline stock change (+2.022M vs. 0.40M expected) also weighed on oil prices, suggesting weaker demand ahead of the key summer driving season in the US.