TAG: brent crude price
Morgan Stanley sees brent crude prices hitting $90/barrel this summer
Global brokerage house Morgan Stanley sees brent crude oil prices hitting $90 per barrel this summer. The brokerage has revised its Brent oil price projections upward by $10 per barrel to $90 for the third quarter of 2024. This adjustment is attributed t...
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 decline amid Israel-Hamas peace talks, Fed rate cut expectations
Oil prices dropped by over $1 per barrel on Monday due to ceasefire talks between Israel and Hamas in Cairo, which alleviated concerns about a broader conflict in the Middle East. Additionally, U.S. inflation data suggested that interest rate cuts migh...
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