Brent crude still making gains on the back of the OPEC deal despite Iran hitting 4mbpd...

Discussion in 'Technical Analysis' started by ForexLive, Oct 3, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    The crazy world of oil continues Brent crude looks to have cemented itself in the $50 mark as the bullishness from last weeks oil news keeps going. That's even with the Iranian State News Agency saying that Iran has increased their export capacity to 4mbpd, a figure they wanted to get back to once sanctions were lifted. They are not far off reaching that in production numbers as they are at roughly 3.8mbpd.

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