Oil Update 8 December 2025

A clear break as Spot Brent heads back up to 67.10. Only a close below 61.60 negates, and even then there is strong support down to 60.20.

Like Bitcoin, we think a year end rally is on the cards especially with OPEC pulling back on supply increases.

We cut our short position last week for a profit, and will look to re-short in the new year. Underlying thesis is an imminent collapse in both the Chinese and Russian economies.