![Brent oil eases lower on "death cross"](/s3-static/markets/field/image/Oil/black_oil_cusped_in_blue_gloved_hands.jpg)
27 DEC
13:03
Brent oil eases lower on "death cross"
Brent's 50-day simple moving average (SMA) is in the midst of crossing below its 200-day counterpart. Such a technical event tends to signal price declines ahead. However, fundamental forces may yet offset such potentially bearish technical signals.