Brent: correction is possible

Forex analytics: Current trendToday, Moody's Investors Service has significantly lowered its 2016 forecast for Brent and WTI crude oil prices due to continuous oversupply in global oil markets. The prices of Brent and WTI crude oil have been revised to $43 and $40 per barrel, respectively.Nevertheless, since the beginning of the European session, the price is rising from its recent lows near the level of ...