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Brent Oil

All articles tagged with #brent oil

markets1 month ago•4 min saved

Oil tops $100 as tariffs and tensions roil global markets

Brent crude closes above $100 for the first time since May amid Red Sea–related tensions after Yemen strikes, fueling inflation fears and lifting the 10-year yield; President Trump vows to hold Iran responsible for further attacks as new 10%–12.5% tariffs on about 60 partners take effect. ECB holds rates with a September hike priced in, and Japan’s core inflation ticks up, underscoring persistent inflation risks. Amidst macro jitters, AI-spending news hits tech stocks like Alphabet and Tesla, while other corporate headlines include Oracle winning a Pentagon contract and a Google EU penalty.

via CNBC|

#brent-oil #inflation #iran

commodities2 months ago•181 min saved

Oil slides to early-March lows on Iran deal boosting supply outlook

Oil prices fell to their lowest levels since early March as a potential U.S.-Iran peace deal raised expectations of higher global crude supply, with Brent around $78 and WTI near $75; a large U.S. stock draw supported near-term demand, but uncertainty over deal implementation kept further losses in check.

via Investing.com|

#brent-oil #commodities #crude-oil

forecasts7 months ago•31 min saved

Oil Dips as Iran Tensions Ease; Natural Gas Rises After EIA Draw

Natural gas rebounds after the EIA report showing a -71 Bcf draw, with prices testing the $3.10 area and eyeing resistance around $3.25–$3.30; WTI crude slips below $60 as Iran supply-disruption fears ease following Trump’s comments, with a path toward $55.50–$56.00 if it continues lower; Brent crude also eases toward $64 as Iran risk fades, with a downside target near $62.54 if losses extend.

via FXEmpire|

#brent-oil #eia #forecasts

finance2 years ago•2 min saved

"Oil Rallies as Israel Rejects Ceasefire Offer, Market Analysis for Feb. 8"

Oil markets rally as Israel rejects Hamas ceasefire proposal, with WTI oil moving towards $76.00 and Brent oil rebounding above $81.00 amid rising tensions in the Middle East. Meanwhile, natural gas retreats as traders react to the EIA report showing a decline in working gas in storage, with WTI oil and Brent oil gaining upside momentum due to geopolitical concerns and technical factors.

via FX Empire|

#brent-oil #finance #middle-east-tensions

commodity-markets2 years ago•2 min saved

Geopolitical Tensions Drive Oil Prices Higher

Oil markets are testing weekly highs as natural gas faces pressure due to anticipated warm weather, while WTI oil attempts to settle above $75.00 following claims by Houthis of an attack on a U.S. military cargo ship, and Brent oil tests the $80.00 level amidst escalating tensions in the Middle East. If natural gas remains below $2.45, it may head towards support at $2.10 - $2.15, while WTI oil could move towards the $79.00 - $80.00 resistance if it settles above $75.00. Brent oil's RSI indicates potential for additional momentum if the right catalysts emerge.

via FX Empire|

#brent-oil #commodity-markets #middle-east-tensions

commodity-markets2 years ago•2 min saved

Oil Prices Surge Amid Supply Disruptions and Middle East Tensions

WTI oil rose above $72 as tensions in the Middle East escalated due to a Houthi attack on a U.S.-owned vessel, while natural gas prices retreated on bearish weather forecasts. Brent oil also moved above $78 amid concerns about potential disruptions in Middle East oil supply, with technical analysis indicating key resistance levels for each commodity.

via FX Empire|

#brent-oil #commodity-markets #middle-east-tensions

energy-markets2 years ago

Oil Prices Plummet as Demand Concerns and Inflation Fears Shake Market

Oil prices plunged by 4% due to concerns over weakening demand, impacting natural gas, WTI oil, and Brent oil forecasts.

via FX Empire|

#brent-oil #demand-concerns #energy-markets

energy3 years ago•3 min saved

Banking Turmoil Pushes Brent Oil Prices Below $72 Per Barrel

Brent oil prices fell below $72 per barrel due to turmoil in the banking sector, with the downfall of Silicon Valley Bank and the takeover of Credit Suisse by UBS. OPEC+ delegates noted that the drop was likely temporary and not underpinned by supply-demand fundamentals surrounding the physical commodity, but stressed the need to monitor the potential effect on central bank interest rate decisions and inflation. Goldman Sachs cut their oil price outlook, now expecting Brent prices to hit $94 per barrel in the upcoming 12 months.

via CNBC|

#banking-turmoil #brent-oil #energy