Brent Crude (BZ) Oil Signals Bottom, Advances Higher
Brent Crude Oil (BZ) is a major global benchmark for crude oil pricing, primarily sourced from the North Sea between the United Kingdom and Norway. It is a light, sweet crude oil, characterized by a low sulfur content (sweet) and low density (light), making it ideal for refining into gasoline and diesel. Brent Crude is traded on the Intercontinental Exchange (ICE) under the ticker symbol “BZ” and serves as a reference price for approximately two-thirds of the world’s internationally traded oil supplies. In this article, we will look at the Elliott Wave outlook for Brent Crude and when to anticipate the pullback is complete.
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