Energy Attacks Keep Brent Crude Pinned Near Its Highs

The Brent crude oil outlook turns on overbought momentum, slowing oil demand growth and attacks on energy infrastructure ahead of key elections. Razan Hilal, StoneX Media Market Analyst, walks through the Brent crude and energy sector ETF charts and the escalation and de-escalation scenarios in play. The Energy Select Sector SPDR Fund (XLE) has pushed above an 18-year resistance, though a bearish divergence on its monthly RSI raises the risk of a false breakout. Trump waiving Russian sanctions adds to the pullback case for crude, while the upcoming U.S. and Israel elections keep near-term escalation risk in focus. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_razan_hilal&utm_content=share 00:00 - Oil Momentum Turns Overbought 00:33 - XLE Breakout Carries a Warning 02:26 - Brent Crude Retests Its Highs 02:53 - Oil Feels the Russian Waiver 04:14 - Where Brent Crude Support Sits 05:23 - U.S. and Israel Votes Test Oil Like and subscribe for more financial market insights. #CrudeOil #StoneX #RazanHilal #BrentCrude --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social