UKOIL:Brent Oil Maintains Its Upward Trend



After the inflation data (CPI) announced in the USA rose to the peak of 40 years with 8.6 percent on an annual basis in May, brent oil prices receded somewhat. In the US, demand for oil continues to be high before the driving season. Technically, if brent is able to break above the 123.30 level permanently, it may continue to rise to the 128.00 resistance after 125.60. In possible downward movements, 118.85 and 116.25 supports will be followed.