Brent

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Brent oil tops $94 per barrel

Brent oil tops $94 per barrel

Brent oil futures for November delivery reached the highest since November 16, 2022 on ICE in London, trading at more than $94 a barrel, data from the exchange show. Futures climbed by 2.05% to $94.08 a barrel at 23:13 Moscow time, …

Oil surging toward $100 per barrel

Oil surging toward $100 per barrel

The price of Brent crude oil futures contract with November delivery on London’s ICE surpassed $93 per barrel for the first time since November 16, 2022. According to the exchange data as of 13:49 Moscow time, Brent oil price grew …

Brent crude oil price climbing to $90

Brent crude oil price climbing to $90

The price of futures contracts of Brent crude oil for October delivery rose above $88 per barrel on London's ICE on August 10 for the first time since January 27, 2023, according to trading data. As of 10:21 a.m. Moscow time the …

Oil rises in price again

Oil rises in price again

Benchmark crude oil prices are rising again, and the reason for this is the upcoming meeting of the US Federal Reserve, which is scheduled for tomorrow, July 25. The US Federal Reserve is expected to raise the discount rate by 25 basis points.

Oil steady after U.S. debt deal

Oil steady after U.S. debt deal

Oil prices were steady on Monday after U.S. leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. …

EIA lowers price forecasts for WTI and Brent oil

EIA lowers price forecasts for WTI and Brent oil

The Energy Information Administration cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the Short-Term Energy Outlook report. "Ongoing considerations about weakening global economic …

Oil prices extend losses ahead of expected interest rate hikes

Oil prices extend losses ahead of expected interest rate hikes

Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path. Brent futures dipped 12 cents, …

Oil prices slightly increasing

Oil prices slightly increasing

Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. Brent …

Oil prices surge after Russia and Arab world announce cuts

Oil prices surge after Russia and Arab world announce cuts

Oil prices continue to soar on Tuesday after OPEC+ countries said they will cut production by 1.15 million barrels per day from May until the end of the year.  Brent crude had topped $85 per barrel and WTI was trading at …

WTI oil sinks to the lowest since December 2021

WTI oil sinks to the lowest since December 2021

Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. U.S. benchmark crude futures retreated as …

Oil slumps below $75

Oil slumps below $75

Oil prices slump accelerated: Brent fell below $75 per barrel for the first time since late 2021. According to trading data, today, world …

EU predicts Brent oil price in 2023

EU predicts Brent oil price in 2023

The European Commission expects the Brent oil price to be about $84.8 per barrel in 2023 and $79.9 per barrel in 2024. The previous analysis assumed an average price of $85. “The European Union expects the average price …

Brent oil rises to $88 per barrel

Brent oil rises to $88 per barrel

The price of Brent crude oil with March delivery surpassed $88 per barrel for the first time since December 5 on London’s ICE. As of 12:31 Moscow time, the price of Brent rose by 0.42% to $88 per barrel. By 12:43 Moscow …

Brent oil surpasses $87 on London’s ICE

Brent oil surpasses $87 on London’s ICE

The price of Brent oil on London’s ICE surpassed $87 per barrel for the first time since December 5. As of 12:42 Moscow time, the price of Brent futures contracts with March delivery rose by 1.48% to $87.19 per barrel. …

Brent oil price rises to $87 first time since January 3

Brent oil price rises to $87 first time since January 3

The price of Brent oil on London’s ICE rose to $87 per barrel for the first time since January 3. As of 08:53 Moscow time, the price of Brent oil rose by 1.26% to $87 per barrel. By 9:15 Moscow time, the price of Brent …

Oil settles flat, with weekly decline on recession worries

Oil settles flat, with weekly decline on recession worries

Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. Brent futures fell 12 …