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Morgan Stanley technicals see $134/$150 upside risk for oil prices

freight_commodity_indices UTC: 2026-03-11 11:00:29

Oil prices could still face substantial upside tail risks even after the recent surge toward $120, according to a technical analysis from Bank of America. Brent crude rallied above $100 and spiked to $119.50 on Monday, a surge that BofA technical strategist Paul Ciana says “fi...

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