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Brent Crude

All articles tagged with #brent crude

commodities3 days ago

Oil slides as US–Iran talks resume and tariffs cloud demand

Oil prices slipped about 1% as the US and Iran prepared for a third round of nuclear talks in Geneva, easing fears of conflict, while Trump’s tariff hike added growth-uncertainty that weighed on demand. Brent traded around $70.89 a barrel and WTI around $65.63, with analysts noting an Iran risk premium but potential sanctions relief that could boost supply; Goldman Sachs also warned of downside risk to 2026 prices if sanctions relief or other disruptions accelerate supply, though a global surplus is forecast if none materializes.

via Investing.com|
#brent-crude#commodities#oil
Brent Reaches $71+ on Iran-Tension Fears roiling oil markets
energy6 days ago

Brent Reaches $71+ on Iran-Tension Fears roiling oil markets

Brent crude climbed above $71 and WTI traded around $66 as traders priced in the risk of U.S. military action against Iran, citing stalled diplomacy and potential disruptions to Iranian supply and Persian Gulf flows through the Strait of Hormuz; the market appears tighter due to sanctions dynamics and a steeper Brent curve amid stalled Russia-Ukraine talks.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#geopolitical-risk
Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside
energy27 days ago

Brent Breaks $70 as Demand Outlook Brightens and Glut Fears Subside

Oil prices rose to about $70 Brent on heightened Iran-related risk, while Standard Chartered argues the bearish glut narrative is fading as 2026 demand forecasts are revised higher; the IEA projects modest growth for 2026, U.S. shale growth may slow on weak prices, and gas markets rally on Arctic weather with LNG capacity expansion looming.

via Crude Oil Prices Today | OilPrice.com|
#brent-crude#energy#iea
Oil Prices Could Surge to $78 Amid Iran Conflict and U.S. Tensions
business8 months ago

Oil Prices Could Surge to $78 Amid Iran Conflict and U.S. Tensions

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.

via Reuters|
#brent-crude#business#geopolitical-risk
Oil Prices Rise as OPEC+ Maintains Production Levels
business8 months ago

Oil Prices Rise as OPEC+ Maintains Production Levels

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.

via Reuters|
#brent-crude#business#oil-output-hike
OPEC+ Meeting Rescheduled to Dec. 5 Amid Oil Market Uncertainty
business1 year ago

OPEC+ Meeting Rescheduled to Dec. 5 Amid Oil Market Uncertainty

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.

via Yahoo Finance|
#brent-crude#business#market-trends