ANALYSIS
NQ100 Finds Support from PPIApr 14
UKOIL:117.00 Support Will Be Decisive in Brent Pricing
European Union (EU Commission President Ursula Von der Leyen has announced that European leaders have agreed in principle to ban energy imports from Russia, in this context, 90 percent of oil imports from Russia to the EU will be cut by the end of the year, supply concerns appear to be the main driver of re-pricing. As a matter of fact, in today's first quotes, brent tested 2-month highs. The commodity's hold on 117.00 may continue to recover to the level of 121.50 followed by 124.00 with the consolidation of reactions. For sagging below 117.00, 114.45 support can be followed.
