TAG: crude oil price today
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 settles flat on the week over Gaza ceasefire possibility, stronger US dollar; Brent sticks to $85/bbl
Crude oil prices declined in the previous session and settled flat on the week over the possibility of a ceasefire in Gaza and a stronger US dollar. US Secretary of State Antony Blinken said that he believed talks in Qatar could reach a Gaza ceasefire ag...
6 months ago
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 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 agoRussia to stick to oil output cut of 500,000 bpd till end of 2023: Deputy PM Novak
Russia's Deputy Prime Minister Alexander Novak announced on May 4 that Russia is abiding by its voluntary pledge to cut oil output by 500,000 barrels per day (bpd) from February until the end of the year. Russia is part of the OPEC+ group of oil-produci...
6 months ago