brent futures

Oil prices soared during Monday morning in Asian trade after The Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, trimmed oil production by 1.16 million barrels per day beginning May, in a surprising move. What Happened: Saudi Arabia will voluntarily cut output by...

Oil took a breather in early trade on Wednesday in Asia ahead of the anticipated rise in crude inventories in the U.S. A fear of rate hikes following the efforts made by central banks around the world to rein-in inflation has also contributed to the slight relief. Price movement: Brent crude prices...

Among futures-based oil exchange-traded products, the United States Oil Fund LP (ETF) (NYSE: USO) gets the most attention. USO tracks front-month West Texas Intermediate futures, the U.S. benchmark oil contract. USO And BNO However, Brent futures are the global oil benchmark contract. Fortunately,...