US inventory data today at 16:30 CET could be a strong bullish catalyst
Strong gains ydy.
Now it may fool around a bit before breaking USD 90/b. (but it will break).
Brent crude jumped 1.
7% to USD 88.
92/b ydy as the market is starting to price in a possible cyclical upturn rather than any kinds of ”landing” on the back of latest positive (above 50) manufacturing PMI’s from US.