Will the spot price of Brent Crude Oil break the psychological $100 per barrel barrier before the US market close (9:00 PM WAT) today?

Outcome: NO

How this forecast is settled

Will Brent break $100 today? Prices are rising, but clearing a key psychological level needs stronger momentum or new shocks.

Resolution

NO, the spot price of Brent Crude Oil did NOT break the psychological $100 barrier before the US market close yesterday. Despite a sharp intraday rally driven by the "Hormuz Reversal" panic, the benchmark contract encountered heavy resistance and peaked at $96.96 per barrel, closing the session at $95.48.

Make your forecast on GetUrgent2K Daily. Free to play; earn airtime for taking part and for getting it right.