Brent Oil Extends Steep Rally on Deteriorating Geopolitical Situation

Brent oil rose to the highest since early May on Friday, extending strong bullish acceleration from $110 zone into second consecutive day (the contract advanced 2.6% on Thursday and additional 1.4% on Friday morning). Growing threats that the situation in the Middle East (Yemen and Iran) could completely run out of control if conflicts escalate, […] The post Brent Oil Extends Steep Rally on Deteriorating Geopolitical Situation appeared first on ActionForex.