Oil: Brent rebounds above 200-day average – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes Brent Oil prices have bounced back just above their 200‑day moving average near $94.36 per barrel after touching the lowest level since late August at $89.16 earlier in the week. This move comes alongside a stronger Dollar and higher US yields, with equities mixed and Nvidia-related concerns weighing on broader risk sentiment.

Brent recovers from recent lows

"Brent crude oil prices bounced back just above its 200-day moving average ($94.36 a barrel) after hitting its lowest level since late August at $89.16 on Tuesday."

"Equity markets are mixed."

"Nvidia’s leadership turmoil is raising concerns over disruption to the broader AI industry, including the risk of tighter US chip export curbs on China."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)