TAG: brent crude oil prices
Crude oil prices to trade with upside bias over geopolitical tensions; Brent may hit $90-$95/bbl in near-term
Global crude oil prices rose sharply by 5.9 per cent over the past month crossing the $86 per barrel mark for the first time since November 2023 --responding to seasonal tightening in physical markets, supply cut extensions, and a pick-up in geopolitical...
6 months ago
Oil prices stabilise on weaker US dollar while investors weigh tighter Russian supply; Brent at $86/bbl
Oil prices steadies on Tuesday, March 26 as investors took a more mixed view toward the loss of Russian oil refinery capacity after the recent Ukrainian drone attacks while a slightly weaker US dollar offered some support to prices. The front-month Bre...
6 months ago
Oil prices steady on US crude inventories rise lesser than expected ahead of OPEC meeting; Brent at $86/bbl
Oil prices were broadly stable on Wednesday, March 27, after US crude stockpile rose lesser than expected. Prices were dragged by indications that the Organization of Petroleum Exporting Countries (OPEC) is unlikely to change its output policy at its tec...
6 months ago
Oil prices report second straight weekly gain, hit 6-month high on Middle-East crisis; Brent at $91/bbl
Global crude oil prices reported a second straight weekly gain and hit six-month high levels as markets watched for signs of any direct conflict between Israel and Iran that could further tighten supplies. This sudden uptick in crude oil prices has reign...
6 months ago
Oil prices ease for second day over Gaza ceasefire talks, Brent dips to $89: Analysts peg near-term range at $85-95/bbl
Oil prices dipped for a second straight day on Tuesday, April 9, dragged by talks for a ceasefire in Gaza, however losses were limited to less than a dollar a barrel as Egyptian and Qatari mediators met resistance in their search to find a way out of the...
6 months ago
Oil traders stay bullish as Brent hovers at $90: ‘Crude to stay elevated even if Middle-East tensions cool down’
The 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 ago
Morgan Stanley hikes Q3 outlook to $94 on geopolitical tensions as Brent hovers over $90/bbl
Morgan 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
Oil settles 1% higher on Middle East crisis yet posts weekly loss on bearish demand outlook; Brent at $90/bbl
Oil prices rose around one per cent in the previous session on geopolitical tensions in the Middle East but posted a weekly loss over a bearish world oil demand growth forecast from the International Energy Agency (IEA) and worries about delayed US inter...
5 months ago
Oil trades near one-month low over demand concerns despite Iran-Israel war; Brent at $89/bbl
Oil prices slipped more than $1 on Wednesday, April 17, as US commercial inventories rose, while weaker economic data from China and dampened prospects of interest rate cuts stoked worries about the global demand. Analysts do not expect Iran's unpreceden...
5 months ago
Oil recovers from 3-week low after US imposes sanctions on Venezuela, Iran; Brent at $87/bbl
Oil prices were broadly steady on Thursday, April 18, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices three per cent low...
5 months ago
Oil settles higher on Middle East supply woes, US inflation data limits gains; Brent at $89/bbl
Crude oil prices settled higher in the previous session, garnering support from tensions in the Middle East, but a stronger US dollar and US inflation data faded hopes that the US Federal Reserve would cut interest rates soon, limiting gains in crude pri...
5 months ago
Oil rises $1 as US dollar slips to one-week low, investors shift focus to global economy; Brent at $88/bbl
Oil prices rose a dollar a barrel on Tuesday, April 23, as the US dollar index fell to its lowest in over a week and as oil investors shifted focus away from the ongoing geopolitical issues in the Middle East to the state of global economies. The US doll...
5 months ago
Brent may hit $95/bbl in near-term, Q2FY25 target price raised by $5/bbl on geopolitical risk premium: ICICI Bank
Global crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices had breached the $90/barrel mark during the period in a respons...
5 months ago
Oil falls 1% on higher US crude output, Israel-Hamas ceasefire talks; Brent dips to $87/bbl
Oil prices extended losses and fell one per cent on Tuesday, April 30, on the back of rising US crude production, as well as discussions of an Israel-Hamas ceasefire. However, Israeli Prime Minister Benjamin Netanyahu today vowed to go ahead with a long-...
5 months ago