Brent crude futures dipped to $82

Brent crude futures dipped to $82.41 amid profit-taking by commodity funds. However, daily moving averages remain in a bullish crossover formation, which historically indicates potential continuation of uptrend over the next sessions. For the week, Brent fell 8.1%, the largest weekly loss in over three months. WTI tumbled 7.4% in the week. This statistic was assembled from multiple sources. Data for Brent was taken from Börse Frankfurt , WTI prices were taken from BNN Bloomberg , and information on the OPEC basket was published by OPEC . All prices are for front-month future contracts. Whenever a public holiday fell on a Monday, Tuesday prices were considered for all benchmarks for consistency. Brent crude futures slipped marginally to $82.46 per barrel in today’s early London trade, pressured by stronger US dollar sentiment and easing geopolitical risk premiums. Traders are watching OPEC’s upcoming output decisions closely, as technical charts show the commodity hovering near its 50-day moving average.