Oil: buyers are set to move towards the $ 90 level

On Monday, October 25, a barrel of Brent rose 0.08% to $ 85.92. During the energy crisis, buyers feel comfortable. They are slowly moving the high, moving towards the $ 90 per barrel level.

The OPEC + meeting will take place on November 4. The alliance is expected to agree on an increase in aggregate production by 400 thousand barrels per day. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said he did not intend to increase production more than planned.

On Tuesday, October 26, at trading in Asia, Brent crude oil costs more than $ 86 per barrel. Buyers have about two days to get to the $ 87.50 level. Otherwise, the technical picture may undermine the positions of buyers and provoke a downward correction.