Stocks futures have started the week in green amid new hope for a Brexit deal and oil is taking advantage of this situation. Moreover, Asian oil demand has recovered quite quickly, and there are expectations for this trend to continue into the US and Europe over the next few months.
In this scenario, Brent is trying to consolidate above $50, confirming the bullish movement of the last few weeks. Technically, a breakout above $51 would open space for further rallies, while the medium-term target is set at $54, a level not seen since last February.
