All articles tagged with #brent crude
Barclays kept its $100 Brent forecast for 2026 but warned that upside risks remain as the Strait of Hormuz disruption drains U.S. and global inventories to multi‑year lows. Goldman Sachs has also flagged rapid depletion, and crude prices climbed in early trading, with Brent around $105 and WTI near $98 as markets price in a sustained supply shock.
Oil prices held near multi-week highs with Brent around $106 a barrel and WTI near $101 as the Trump-Xi meeting opens, set against a stubborn Iran war that has kept global inventories tight; Iran's crude shipments remain constrained by sanctions and a US naval blockade, satellite imagery shows Kharg Island export facilities idle, and analysts say the market will stay undersupplied through October even if diplomacy progresses.
Morgan Stanley warns that price-supporting crude buffers could be exhausted if the Strait of Hormuz remains closed into late June, potentially pushing Brent toward $150/bbl, while maintaining forecasts of about $110 for Dated Brent in Q2, $100 in Q3, and $90 in Q4 2026; Goldman Sachs also flags crashing oil inventories, underscoring ongoing supply risks as geopolitical tensions persist.
Brent crude jumped to a four-year high near $126 a barrel after reports that the U.S. military would brief President Trump on possible action against Iran and maintain a naval blockade through the Strait of Hormuz, raising supply‑disruption fears from constrained Iranian exports; analysts warned the rally could persist if disruptions continue, with Goldman Sachs noting potential upside to prices if geopolitical stress remains.
US average gas prices rise to $4.23 a gallon as Brent crude hovers around $114.60 a barrel amid fears of a prolonged Hormuz Strait blockade; officials discuss options and Trump comments underscore market nerves, with the UAE leaving OPEC shaping the broader oil landscape and raising risks that higher fuel costs could ripple into groceries and utilities.
Oil jumped to about $115 per barrel after reports the US plans to extend its blockade of Iran’s ports, lifting Brent crude from around $110 as Tehran vowed to disrupt traffic through the Strait of Hormuz, a chokepoint shaping ongoing oil market volatility.
Brent crude rose above $111 as ongoing Hormuz disruption and stalled US–Iran talks prompted banks to lift price outlooks: ING raised its Brent forecast for Q2 and 2026, while Goldman Sachs increased its Q4 outlook, with WTI near $100 as markets price a slower normalization of flows through the Strait of Hormuz and tight inventories.
Oil prices rose more than 2% after stalled US-Iran ceasefire talks, with Brent crude around $106.99 a barrel as diplomacy falters and Tehran threatens shipping in the Strait of Hormuz, underscoring risks to a large portion of global oil and gas supply while Asian stocks opened higher.
Goldman Sachs again lifts its oil-price outlook, forecasting Brent around $90/bbl and WTI about $83/bbl in Q4, with current trading near $106.68/bbl Brent and $95.35/bbl WTI as Iran–U.S. talks stall. The bank warns the Middle East supply shock is curbing demand, expecting global demand to fall by roughly 1.7 million bpd in the current quarter and about 100,000 bpd in 2026 versus 2025, and estimating 14.5 million bpd of lost Middle East production. ING analysts likewise see a tightening market and a roughly 13 mbpd shortfall that will push prices higher, while noting that sustained inventory draws could intensify demand destruction if the shock lasts longer.
Brent crude stays near $105 after a week of gains, with renewed U.S.-Iran diplomacy helping cap upside and keep prices below $110, while other energy-market developments—ship seizures, resumed Druzhba flows, and sanctions/policy moves—add to ongoing volatility.
Oil prices fell after reports that Iranian Foreign Minister Araghchi will travel to Pakistan for peace talks, with Brent down to about $104.63 and WTI near $94.75 as Israel and Lebanon extended their truce by three weeks. The ongoing closure of the Hormuz Strait keeps energy-security concerns front and center, with analysts warning the disruption could raise costs and pressure political concessions, while the IEA warns of a looming energy-security crisis amid these tensions.
Brent crude rose about 3%to $105.07 a barrel and WTI to $95.85, as U.S.–Iran tensions in the Strait of Hormuz persisted. The move was also driven by an unconfirmed report that Iran’s top negotiator resigned, fueling concerns of a tougher stance in talks with Washington.
Unidentified traders placed a $430 million bearish bet on Brent crude futures about 15 minutes before President Trump announced an indefinite extension of the U.S.-Iran ceasefire, executing 4,260 sell orders in a thin post-settlement window and sending Brent prices lower as the news hit. The piece notes a pattern of similarly timed, large bets around Iran-related announcements (e.g., March 23, April 7, April 17), fueling concerns of insider trading in energy markets.
Standard Chartered says Brent near $95 per barrel signals an uneasy equilibrium driven by Iran tensions and tight physical oil balances, with prices briefly surpassing $100 after IRGC seizures. The forward curve remains backwardated as Gulf supply constraints persist, and OPEC's MSC metric is meant to anchor future production baselines for 2027. StanChart projects prices to stay roughly $10–$20/bbl above pre-conflict levels even after the acute phase, while gas markets remain comparatively stable.
Oil prices rose after Iran accused the United States of violating elements of a two-week ceasefire, with Brent up about 2.5% to $97.14 and WTI up about 2.7% to $96.96 as markets weigh renewed tensions and potential supply risks.