Tag: Brent
Brent Crude Prices Hit $90 as Geopolitical Tensions Flare up
Oil (Brent, WTI) News and AnalysisOPEC sticks to Q2 supply agreement as US Cushing storage declines – oil bidBrent, WTI find momentary resistance but [...]
Brent crude oil nears $90 driven by geopolitical tensions.
On Wednesday, Brent, the benchmark crude in Europe, has approached $90 per barrel, a level not seen since October 2023, driven by geopolitical tension [...]
Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East
Brent, WTI Crude Oil News and AnalysisDrone strike hits Russian oil infrastructure and Israel hits Iranian targets in SyriaOPEC’s JMMC meeting unlike [...]
Cautious start to the week as month end and PCE looms
The focus is on commodity prices' inflationary impact, particularly as Brent is eying $87 per barrel.
Risk assets paused while the dollar slightly we [...]
Brent crude oil rises over 2% to reach 83.81 euros per barrel.
It happened after the Organization of the Petroleum Exporting Countries (OPEC) celebrated the International Energy Agency (IEA) highlighting the impor [...]
OPEC+ Extends Supply Cuts into Q2, WTI & Brent Ease
Oil (Brent Crude, WTI) News and AnalysisOPEC+ extends supply cuts for Q2, Russia forced into further cutsBrent crude oil starts the week on the back f [...]
Crude Oil posts second monthly gain on tight supply
Crude Oil prices ended Thursday’s trading session lower but gained the previous two months due to expectations of a tighter supply and a possible U.S. [...]
Brent Crude, WTI Ease after Decent Recovery
Oil (Brent Crude, WTI) AnalysisChina adds further support to the ailing economyBrent crude oil drops at prior swing low, propped up by the 200 SMAWTI [...]
Oil (Brent Crude, WTI) Edge Cautiously Higher – Follow through Lacking
A pessimistic growth outlook continues to limit oil’s upside potential despite elevated geopolitical tensions. Could better-than-expected US GDP provi [...]
WTI, Brent Drop as Demand Concerns Outweigh Geopolitical Tensions
WTI, Brent Crude Oil AnalysisSaudi’s signal challenges to the oil market during seasonally lower demandBrent crude oil prices drop at the start of th [...]
Morgan Stanley’s prediction: Brent crude oil to see strong support at mid $80s
Morgan Stanley expects support for Brent crude oil in the mid $80s.Analysts at the firm responsd to the OPEC+ agreement. They assess that the output c [...]
Brent, WTI Oil Prices Await OPEC Supply Cut Quotas for 2024
Oil (Brent, WTI) News and AnalysisDelayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to [...]
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Traders Wait For OPEC+ News
WTI Oil
WTI Oil 241123 Daily Chart
WTI oil was mostly flat amid reports that OPEC+ was close to a compromise with African producers who wanted to inc [...]
Brent and WTI Suffer Further Losses
Oil (Brent, WTI) Analysis(EIA) US storage data reveals massive inventory builds as many fear weaker demandSofter economic data continues to flow in f [...]
Brent Crude Oil Starts the Week on the Back Foot as ‘War Premium’ Subsides
Oil (Brent Crude) News and AnalysisThe weekend premium was deflated on Monday as markets look to the FedOil heads lower after respecting resistance a [...]