All articles tagged with #brent
Oil prices slipped to a two-week low as investors priced in progress toward a U.S.–Iran peace deal, with Brent around $98.90 a barrel and WTI about $92, while blockades in the Strait of Hormuz continue to constrain supply. Trump said there’s no rush into a deal, suggesting near-term relief may be limited, and analysts say it could take months for flows to normalize even if a deal advances.
U.S. crude traded under $100 a barrel after President Trump said talks with Iran are in the final stages, with WTI around $97.74 and Brent near $104.62; analysts warn Hormuz disruptions could keep prices volatile, though a quick peace that reopens the strait could ease prices later in the year.
Oil prices climbed after President Trump said the Iran ceasefire was 'life support' and dismissed Tehran's latest offer as 'garbage,' dimming hopes for a quick deal to reopen the Strait of Hormuz. Brent traded around $107.77 a barrel and WTI near $102.18 as analysts warned that reopening Hormuz by force could be costly and that the market could stay volatile or take years to normalize if the strait remains closed, keeping prices elevated through 2027.
Oil prices rose to their highest level since the US-Iran ceasefire began, with Brent crude trading around $107.50 a barrel as ongoing Hormuz Strait tensions and reduced Gulf production keep supply tight and market nerves frayed, despite a brief extension of the ceasefire and no clear path to a long-term peace deal.
Oil prices oscillated after Trump extended a fragile Iran ceasefire, keeping markets unsure about de-escalation and supply risk. Brent traded near $99.8 and WTI near $90.9 as mixed signals from Tehran and Washington persisted, with the U.S. blockade of Iranian ports continuing and Iran signaling talks in Pakistan may be unproductive, underscoring a fragile outlook for energy markets around the $100 per barrel level.
Oil futures look poised to rise at the week’s start, with WTI topping $102 a barrel and Brent approaching $114.50, supported by weekend gains and bets on higher prices. Analysts warn that a sustained move above $102.25 for WTI could trigger a bullish leg toward about $111–$124, while a break below $85.50 would open downside toward $81–$73.
Goldman Sachs raised its oil-price forecast, projecting Brent at about $85/bbl and WTI at about $79/bbl for this year, citing a peak supply disruption of around 17 million barrels per day from the Strait of Hormuz situation. The bank assumes tanker disruptions will last six weeks with shipments gradually recovering within a month, though some observers warn the disruption could persist longer. At publication, Brent traded near $112.69/bbl and WTI near $99.60/bbl.
Oil prices pulled back from an intraday spike after Netanyahu said Iran has no capacity to enrich uranium, with Brent trading around $106.50—near its highest level since July 2022 after a session high near $119—while WTI hovered around $94. The moves reflect ongoing supply worries from the Iran–Israel conflict and Strait of Hormuz disruptions, set against a backdrop of cautious central-bank commentary on policy paths amid higher energy costs.
Goldman Sachs says oil flows through the Strait of Hormuz have collapsed, with about 0.5 million barrels per day moving through on a four‑day average and an estimated net export loss of ~17.2 million barrels per day. Brent sits near $105 and WTI around $100 as some shipments still pass, but a gradual recovery is expected over ~30 days starting around March 21, with the price path depending on whether Persian Gulf exports rebound to global markets.
Brent crude sits near $100 as the US-Iran conflict stretches into its third week, with prices up on supply-disruption fears and attacks near the Strait of Hormuz. Trump’s comments and Iran’s vow to continue fighting add geopolitical risk, even after the IEA released emergency reserves; traders warn of further spikes if the crisis persists and central banks lean hawkish.
Oil prices edged higher mid-day as traders priced in Middle East risk from renewed Iran unrest and policy uncertainty in Washington, including tariff talk and Fed remarks. WTI hovered around $61.10 per barrel and Brent near $65.41, up about 2–3% on the day, with no confirmed supply disruptions and the move driven by risk premia rather than a single shock.
Oil prices rebounded from four-month lows, rising over 1% after a selloff triggered by OPEC+'s decision to increase production. Despite the selloff, analysts suggest the market is oversold and could rally before potentially declining again. U.S. crude and Brent prices closed higher, with OPEC+ production increases not set to begin until October. Rising U.S. oil inventories also impacted prices.
Crude oil futures rebounded from three-month lows on Friday but still ended the week with losses, as U.S. crude and Brent settled down 2.9% and 2.2% respectively. Despite the summer driving season starting, macroeconomic factors and overproduction by Russia have pressured prices. OPEC+ will review production policy in a virtual meeting on June 2, with expectations to maintain the current production ceiling.
Oil prices surged after reports of explosions in Iran, Syria, and Iraq, following a strike by Israel against Iran, raising concerns about a potential wider regional conflict that could threaten crude supplies. Global benchmark Brent briefly topped $90 a barrel before paring gains, while nuclear facilities in the targeted city of Isfahan were reported to be safe.
Oil prices continue to rise, with Brent nearing $91 a barrel, driven by escalating tensions in the Middle East following a strike on an Iranian diplomatic compound in Syria and fears of wider regional conflict. Geopolitical tensions in the Middle East and Ukraine, OPEC+ supply restrictions, and healthy demand have contributed to a 18% surge in crude prices this year. Cease-fire talks between Israel and Hamas remain deadlocked, while OPEC+ has chosen to maintain supply cuts, further tightening global markets and bolstering the case for higher prices. Some market analysts predict the potential for Brent to rally to $100 a barrel this year.