Last Week’s European Commodity WinnersThe conflict in the Middle East is driving prices of Brent crude oil (CBZ24) up (+8.23%), particularly with reports that Israel is considering a retaliatory attack on Iran´s oil facilities. However, President Biden says he is pushing Israel to avoid this course of action. OPEC levels of production and Libya output are keeping a healthy supply, so last week´s rally could be short-lived if there is no escalation from Israel. In my previous article, I mentioned that Brent was in a downtrend since the start of July 2024 and that the key resistance was the 50-d…