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United States Brent Oil Message Board

  • mpaulenoff mpaulenoff Jun 17, 2014 1:49 PM Flag

    Mike Paulenoff's Mid-Day Minute

    Brent Crude Oil Continues to Climb - Although the e-SPU (SPY) remains confined within a sideways range and less responsive to the lift in Brent Oil (BNO) than I was expecting, I am thinking that the positive influence of an uber-easy Yellen Fed ahead of tomorrow's policy statement and press conference are trumping an otherwise significant up-spike in Oil.

    Brent is following a very bullish near-term price path that should propel it towards a minimum target of $115 in the upcoming hours.

    A sustained climb past $115 will get the attention of the equity markets-- FOMC Meeting or not.

 
BNO
10.80-0.10(-0.92%)Feb 5 4:00 PMEST