Tag: brent crude price outlook
Oil settles at 2-month high on US macro data; Brent, WTI score biggest weekly gain since Israel-Hamas war
Brent crude futures rose $1.12, or 1.4 per cent, to settle at $83.55 a barrel, their highest close since November 30. US West Texas Intermediate [Read more about this post…]
Oil prices rise 2% driven by Red Sea tensions, US crude stock draw; Brent reaches $81/bbl
Oil prices rose on Thursday, January 25, after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi [Read more about this post…]
Oil prices rise on US crude withdrawal, China economic stimulus; Brent nears $80/bbl
Oil prices edged up on Wednesday as a bigger-than-expected US crude storage withdrawal, Chinese economic stimulus and geopolitical tensions countered concerns over tepid demand. China’s [Read more about this post…]
Oil scores weekly gain as Middle East crisis offsets China demand concerns; Brent settles lower at $78/bbl
Brent futures settled 54 cents lower at $78.56 a barrel. US West Texas Intermediate crude fell 67 cents to settle at $73.41. For the week, [Read more about this post…]
Oil ticks higher after IEA, OPEC global demand forecasts; MCX crude up 3%, Brent at $78/bbl
The IEA monthly report said it expects oil demand to grow by 1.24 million barrels per day (bpd) in 2024, up 180,000 bpd from its [Read more about this post…]
Oil drops 1% on sluggish Chinese economic recovery, stronger US dollar; Brent at $77/bbl
Brent crude futures fell 82 cents, or 1.1 per cent, to $77.47 a barrel. US West Texas Intermediate crude futures (WTI) were down 51 cents, [Read more about this post…]
Oil hits 2024 high-mark as tankers avoid Red Sea after air strikes; Brent settles at $78/bbl
Brent crude futures settled 88 cents, or 1.1 per cent, higher at $78.29 a barrel. The session high was up over $3 to more than [Read more about this post…]
Oil prices up $2 on supply disruption fears after latest Red Sea attack; Brent over $77/bbl
Oil prices rose in the first session of the new year, boosted by potential disruption to Middle Eastern supply after the latest attack on a [Read more about this post…]
Oil reports biggest annual drop since 2020, declines 10% in 2023 on demand-supply concerns; Brent sits at $77/bbl
Crude futures lost over 10 per cent in 2023 in a volatile year of trading and reported their biggest annual drop since 2020, marked by [Read more about this post…]
Oil jumps over 2% to hit 1-month high on Red Sea attacks, US rate cut hopes; Brent over $80/bbl
The rally – in thin trade with some markets closed for public holidays, added to last week’s gains of about three per cent after Houthi [Read more about this post…]
