The global oil benchmark Brent stabilized above $91 per barrel on Monday, paring back initial declines triggered by Israel's withdrawal of additional troops from Gaza and its commitment to new discussions regarding a potential ceasefire in the Middle Eas...
6 months agoThe world’s top commodity traders and analysts are increasingly confident of a bullish oil market into the second half of the year after Brent crude prices pierced $90 per barrel for the first time in months. The elevation in crude prices comes after the...
6 months agoMorgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. "That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and...
6 months ago