Brent Crude Revisits April Drop Setup as Supply Shock and Options Positioning Shift

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Brent crude traded at $101.39 on April 27, up 2.28%, as a bearish divergence and falling channel recreated the setup that preceded a 13% drop earlier in April. Goldman Sachs raised its Q4 2026 Brent forecast to $90 from $80, citing Persian Gulf production losses and global inventory drawdowns.

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