Brent Consolidates, Market Wary of US Data
Brent prices remained relatively stable on Friday (February 13th), following previous selling pressure. The market believes that easing geopolitical tensions (including the easing risk of supply disruptions related to the US-Iran issue) have helped reduce the risk premium, limiting Brent's upside, although volatility remains.
From a fundamental perspective, sentiment is also being weighed down by concerns about a supply surplus and a weaker global demand outlook—the IEA recently cut its 2026 demand growth forecast, assessing that supply could potentially outpace demand. Furthermore, the market remains awaited by US data (including inflation) as a key indicator of the dollar's direction and risk appetite, which could influence oil prices. (alg)
The oil price at the time of this analysis is $67.15
- Buy if the price moves below $67.21
- Sell if the price moves below $67.13
Resistance 2: $67.34
Resistance 1: $67.26
Support 1: $67.10
Support 2: $67.02
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id
