Browsing: Brent

Oil prices rose on Friday following reports that Iran is preparing to attack Israel from Iraqi territory in the coming days. The lingering uncertainties due to geopolitical tensions keep increasing supply risks, though there is also downside to global demand due to Chinese lower imports.

Oil prices climbed in the global commodities market on Wednesday as a report shows a sharp decline in U.S. crude inventories. Chinese demand outlook remains negative, while the World Bank’s latest report indicates there will be an oil glut in 2025 and 2026.

Brent Falls by 5% to $71 amidst Demand Concerns Oil prices are on track for a weekly decline on Friday…

Oil Prices Climb as Hurricane Francine Threatens Supply Oil prices rebounded amidst supply risk in the global commodities market. Brent…

Oil Prices Diverge Amidst Demand, Supply Imbalance Oil prices are trading on a mixed note in the market over concerns…

Oil Prices Rise Amidst Demand, Supply Concerns Due mostly to supply disruptions in Libya and robust US economic data, Brent…

Oil Dips as Markets Price in Rate Cut Expectation, Ceasefire Oil dipped in the global commodity market on Friday as…

Brent price crossed $84 per barrel on Wednesday as crude oil rallied amid growing expectations that the world’s largest oil producers will continue to cut supplies at a time when global demand is set to rise with increased travel during the summer.

Oil prices traded steady ahead of the OPEC+ meeting scheduled later in the week, when members will determine the group’s production policy along with US data indicating economic growth.

Oil prices remain under pressure ahead of the Organisation of Petroleum Exporting Countries  (OPEC)