Brent Oil Exposed as Fed Hikes Rates

Brent Crude Oil

Amidst the market preparation for a major central bank-themed week, Monday saw the breaking down of Brent crude oil. Various central banks are set to deliver interest rate verdicts emphasizing the Federal Reserve.

Markets have propped up the U.S.D. in anticipation of Wednesday’s meeting due to the concern about the Fed’s surprise 100bps rate hike. This has exposed Brent crude Oil to further weakness if the Fed resolves on an ultra- hawkish approach.

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