Brent

As global tensions in the Middle East highlight a volatility in the oil markets, an expert suggests the U.S. economy’s susceptibility to oil price shocks has significantly diminished compared to previous decades. What Happened: According to Bob Elliott, the CIO of Unlimited Funds, the shift...

After having cut its oil forecasts twice in less than a week, analysts at Goldman Sachs cut their annual forecasts for Brent and West Texas Intermediate Crude for 2025 and 2026 yet again, warning of a worst-case scenario involving a tariff-driven global recession and higher supply by the OPEC+...

Veteran Wall Street investor Ed Yardeni confidently stated that we are still in a bull market, underpinned by several economic indicators and market behaviors that suggest continued growth potential. Yardeni’s bullish stance is primarily supported by the prospect of the Federal Reserve...

In an environment marked by a combination of tight supply, escalating demand, and ongoing geopolitical tensions, oil prices are projected to surge, potentially reaching a peak of approximately $95 per barrel this summer. This perspective comes from Francisco Blanch, a leading commodity and...

U.S. energy stocks, as tracked by the Energy Select Sector SPDR Fund (NYSE:XLE), have recently formed what analysts term a “golden cross” as the 50-day moving average crossed above the 200-day moving average. For U.S. energy stocks, this golden cross signifies the continuation of the...

Once again in the spotlight, Brent crude oil prices, are at their highest levels this year. This is largely due to anticipated further reductions in oil output from major exporting countries. In a surprising move, Saudi Arabia has hinted at even more significant production cutbacks in the near...

Major energy stocks were mixed in premarket trading on Tuesday as crude oil flat-lined ahead of the opening of the U.S. market. Uneven Recovery: The WTI-grade crude, also known as light-sweet crude, was last trading at $80.70 a barrel, down 0.02% from the previous session close of $80.72 a barrel....

By RoboForex Analytical Department The commodity market has stabilised as the new week begins. The price of a barrel of Brent is hovering around 85.40 USD. The price recovery is observed for the third consecutive day. Market expectations are tied to China: there are reasons to believe...

Oil prices traded marginally lower during Monday morning’s Asian trading session as possibilities of a slowdown led by extended rate hikes by the Federal Reserve overshadowed fears of any supply constraints. What Happened: West Texas Intermediate futures for August...

Oil prices rose during Monday morning’s Asian trading session as investors and traders began digesting the impact of the attempted mutiny against Russian President Vladimir Putin while worries about a global slowdown remained. West Texas Intermediate futures maturing in August rose 0.65%...

Oil is on track to register first weekly gains in over a month as market participants remain optimistic Congress will find a resolution to the impending debt limit impasse. West Texas Intermediate futures maturing in July are trading higher by close to 1% at $72.62 per barrel during Friday...

West Texas Intermediate (WTI) prices plunged 7.2% during the first few minutes of the opening trade in Asia on Thursday and puzzled experts are touting different reasons for the sudden and dramatic fall in prices, which later stabilized. When trading kicked off a few hours later in global benchmark...

As the West implemented sanctions on Russia, including the oil price cap of $60 per barrel, in the backdrop of the Ukraine war, the country has reportedly lost over half the physical volume of its former gas sales to Europe while gas prices in the continent are now back to pre-February levels. This...

Allianz chief economic adviser and noted economist Mohamed El-Erian has highlighted the fact that although the discount on Russian crude oil relative to Brent crude will increase following Western sanctions, it is still unclear where the absolute prices would be headed. “Assuming the gap is...

Oil prices soared over 3% on Monday morning in Asian trade after reports indicated the Organization of the Petroleum Exporting Countries and its allies (OPEC+) are likely to consider an output cut of over a million barrels per day in the fresh trading week. Brent crude...