Industry
Brent crude rebound loses steam as traders exit futures market
Brent crude has rebounded from a war-driven low, but trading activity in the futures market continues to shrink. Brent traded around $94.92 a barrel, but falling volumes and a sharp drop in open interest have weakened the rally. Options data show heavy call buying, which the market does not view as a simple bullish bet. Volatility indicators remain elevated, and chart levels highlight key support at $92.81 and resistance at $111.80.
