All articles tagged with #brent crude
Originally Published 16 days ago — by Reuters
Oil prices dropped over 2% due to concerns about a global supply glut and ongoing geopolitical tensions, particularly related to the Russia-Ukraine conflict, with the market also watching potential peace negotiations that could impact sanctions and supply.
Originally Published 3 months ago — by Reuters
Oil prices rebounded by about 1% after hitting five-month lows, amid hopes that upcoming US-China talks could ease trade tensions that have recently impacted the energy market, with geopolitical developments and potential negotiations influencing market sentiment.
Originally Published 4 months ago — by Reuters
Oil prices rose nearly $1 following an Israeli military attack on Hamas leaders in Doha, amid ongoing regional tensions and supply concerns, with Brent and US crude both increasing by about 1.5%.
Originally Published 6 months ago — by Barron's
Oil prices are rising due to expectations of Federal Reserve interest rate cuts, not the recent Middle East cease-fire, with traders betting that lower borrowing costs will boost demand for crude.
Originally Published 6 months ago — by Reuters
Citibank warns that escalating Iran-Israel hostilities could raise Brent oil prices to $75-$78 per barrel if 1.1 million barrels per day of Iranian exports are disrupted, with potential for even higher prices in a broader regional conflict. Prices are already rising amid geopolitical tensions, and other analysts suggest that a wider conflict could push prices to $120-$130 per barrel, though some supply sources may offset disruptions.
Originally Published 7 months ago — by Reuters
Oil prices declined after earlier gains as markets assessed US military movements in the Middle East amid ongoing US-Iran nuclear talks, with tensions raising concerns over potential supply disruptions, though analysts suggest the recent price surge may have been overdone pending further clarity.
Originally Published 7 months ago — by Reuters
Oil prices rose over $1 a barrel after OPEC+ decided to maintain a steady output increase of 411,000 barrels per day in July, which was seen as a relief by traders. The decision, aimed at regaining market share and addressing overproduction by some members, was already priced into futures, and analysts expect a similar increase in August. Meanwhile, US oil rig counts continue to decline, raising supply concerns amid seasonal demand and hurricane season jitters.
Originally Published 1 year ago — by Bloomberg
Oil prices are fluctuating as traders anticipate an OPEC+ meeting where the group is expected to delay increasing oil output to prevent a future oversupply. Brent crude is trading above $72 a barrel after a recent decline.
Originally Published 1 year ago — by Yahoo Finance
Oil prices dipped as traders await OPEC+'s decision on production plans, with a key meeting delayed to December 5. Brent crude hovered around $73 a barrel amid fluctuating geopolitical tensions and demand concerns, particularly from China. Analysts predict prices may fall below $70 as a supply glut is expected next year. Trading volumes were low due to the Thanksgiving holiday.
Originally Published 1 year ago — by OilPrice.com
Oil prices rose over 1% on Monday due to speculation about potential rate cuts by the European Central Bank in June, driven by sustained low inflation in the euro zone. Brent crude traded at $83.07 and WTI at $78.68, with optimism also boosting Asian and European stock markets.
Originally Published 1 year ago — by Bloomberg
Global markets stabilized as traders hoped for diplomatic resolutions to the Iran-Israel conflict, with European stocks and US equities rebounding after Friday's selloff. Treasuries and the dollar slipped, while Brent crude fell below $90 a barrel and gold rose to $2,347 an ounce.
Originally Published 2 years ago — by FX Empire
Natural gas prices dip to $2.20 influenced by cold weather in the US and concerns over China's recovery, while WTI and Brent crude oil face downward trends amid mixed global signals and regional conflicts. Central bank decisions and economic data are awaited to provide further direction for oil prices amidst fluctuating demand forecasts. Technical analysis suggests a bearish short-term outlook for both natural gas and oil prices, with key support and resistance levels identified for potential market movements.
Originally Published 2 years ago — by OilPrice.com
Brent crude oil prices have dipped below $80 per barrel as the year closes, influenced by easing tensions in the Red Sea and the resumption of transit through the Suez Canal by major shipping companies. Despite a significant draw in US oil inventories, the market's reaction was muted, attributing the drawdown to year-end adjustments rather than an increase in demand. Other notable developments in the energy sector include the US Department of Energy's SPR contracts, potential new bonds to settle an Argentine lawsuit, China's increased fuel oil import quota, Repsol's antitrust investigation in Spain, and Qatar's expansion into oil trading with a deal with Shell.
Originally Published 2 years ago — by Reuters
Brent crude oil prices remained steady near $80 a barrel as concerns over higher inventories and record output in the United States outweighed worries about global trade disruptions in the Red Sea. The US Energy Information Administration reported a rise in US crude inventories and record output, dampening market sentiment. While major maritime carriers are avoiding the Red Sea route, the impact on oil supply has been limited so far as most Middle East crude is exported through the Strait of Hormuz. The redirection of vessels around South Africa's Cape of Good Hope may increase transport and insurance costs, potentially fueling global inflation.
Originally Published 2 years ago — by Reuters
Brent crude oil prices remained steady near $80 a barrel as concerns over higher inventories and record output in the United States outweighed worries about global trade disruptions in the Red Sea. The US Energy Information Administration reported a rise in US crude inventories and record output, dampening market sentiment. While major maritime carriers are avoiding the Red Sea route, the impact on oil supply has been limited so far as most Middle East crude is exported through the Strait of Hormuz. The redirection of vessels around South Africa's Cape of Good Hope may increase transport and insurance costs, potentially fueling global inflation.