Archive for Tag: Brent Crude oil Prices

Brent Crude oil

Oil falls, caught between Iran talks and Ukraine crisis

BRENT CRUDE OIL was trading down 2.00%at $92.90 Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. Brent Crude traded down $1.26, or...

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Oil prices

Oil prices recoup losses as Russia-Ukraine tensions stay high

BRENT CRUDE OIL was trading up 1.34%at $94.54 Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand. Brent crude was up $1.37, or 1.5%, at $94.65 a barrel...

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Brent crude oil

Oil steadies near seven-year high on Ukraine-Russia tensions

BRENT CRUDE OIL was trading down 0.31%at $94.16 Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. Brent...

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Technical Analysis

BRENT CRUDE OIL: WEEKLY SCENARIO – 14 February 2022

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude Oil is trading in an upward channel. Brent Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude Oil...

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Brent crude futures

Oil rises on falling U.S. stockpiles but Iran talks weigh

Brent Oil was trading up 0.79%at $92.27. Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.-Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65...

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Technical Analysis

BRENT CRUDE: WEEKLY SCENARIO – 10 February 2022

BRENT CRUDE Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude is trading in an upward channel. Brent Crude is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude will follow an uptrend...

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Brent crude

Oil slips from 7-year high ahead of more U.S.-Iran talks

Brent Oil was trading down 2.05%  at  $90.79. Oil slipped to around $92 a barrel on Tuesday ahead of the resumption of indirect talks between the United States and Iran, which may revive a nuclear agreement that could eventually allow more oil exports from the OPEC producer. A deal could...

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Technical Analysis

BRENT CRUDE OIL: WEEKLY SCENARIO

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart In the weekly charts , Brent Crude Oil is trading in an upward channel. Brent Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Brent Crude Oil will...

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Brent crude futures

Oil heads for sixth weekly gain amid supply concerns

Brent Oil was trading up 0.41%  at  $88.47. Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 63 cents, or 0.7%, at $89.97 a barrel by 1013 GMT, having hit $91.04 on Thursday for...

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crude futures

Oil falls as looming U.S. rate hikes spook investors

Brent Oil was trading 0.11% down at  $88.63. Oil prices fell on Thursday as the U.S. dollar strengthened following signs that the Federal Reserve will tighten monetary policy soon in the world’s biggest oil user. Futures pulled back amid a broader decline in financial markets after the Fed telegraphed a...

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