2018 Brent crude oil volatility: March outlook

Quantitative analyst Vito Turitto assesses the Dated Brent crude oil market, which experienced two different volatility trends in February: dropping during the first half of the month, while recovering in the second half. Multiple factors influenced the fluctuation of Brent prices, with muted domestic demand and a sluggish South Korean and Chinese appetite for BFOE grades, depreciation of the US dollar, and record high US crude production. These elements will continue to have a significant impact on market sentiment in the coming weeks.

* US production reached 10.27 million b/d
* Volatility to increase in the short term
* Brent prices to slowly uptrend
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