Archive for Tag: Brent Crude Oil

Brent Crude

Oil Down, Set for Weekly Loss as Supply Concerns Continue

Brent Crude was trading  up  0.38%  at  $109.75 Oil was down on Friday morning in Asia, set for their biggest weekly drops since November 2021 but clawing back some losses. Market volatility also continued over concerns about more sanctions on Russian oil versus efforts to increase supply via other major...

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Brent Crude

Brent Crude Oil Technical Analysis & Trading Signals

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

EU leaders tackle escape route from Russian fossil fuels

Brent Crude was trading  up  3.64%  at  $114.98 European Union leaders will tackle ways to wean themselves off Russian fossil fuels on Thursday and debate how quickly to do so, with countries split over whether to sanction oil and gas imports as Moscow wages war in Ukraine. Russia’s invasion of Ukraine...

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Brent Crude

Spotlight falls on natural gas amid energy transition debate – and geopolitics

Brent Crude was trading up 2.04%at $126.62 On the third day of the world’s biggest energy conference, the spotlight will pick out natural gas amid debate on its role in the transition to cleaner energy – and its status as a Russian export key to Europe’s power generation needs....

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Brent crude futures

Oil rises as fears of Russian oil sanctions spur supply concerns

Brent Crude was trading up 2.04%at $126.62 Oil prices rose on Tuesday, with Brent surging past $126 a barrel, as fears of formal sanctions against Russian oil and fuel exports spurred concerns about supply availability. Benchmark Brent crude futures for May climbed $3.07, or 2.49%, to $126.28 a barrel...

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Oil rises above $111 as Ukraine conflict offsets Iran supply hope

Brent Crude was trading up 2.04% at $112.62 Oil rose above $111 a barrel on Friday in a volatile session as fears over disruption to Russian oil exports in the face of Western sanctions offset the prospect of more Iranian supplies in the event of a nuclear deal with...

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OPEC+ oil

OPEC+ set to confirm modest April output rise despite oil price spike

Brent Crude was trading up 5.97%at $111.22 OPEC+ oil producers meeting on Wednesday do not plan to accelerate output rises, according to a draft deal seen by Reuters, as Saudi Arabia and the United Arab Emirates recommit to a deal with Russia even as crude prices rocket higher. Oil...

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Oil prices jump as Ukraine conflict stokes supply concerns

Brent Crude was trading up 4.84% at $98.75 Oil prices surged on Tuesday as concerns over supply disruptions after Russia’s invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $4.02, or 4.01%, to $101.99 a barrel by...

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BRENT CRUDE WEEKLY SCENARIO

BRENT CRUDE WEEKLY SCENARIO – 01 March 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 in...

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Brent crude

Oil soars as Russian energy supply fears intensify

Brent Crude was trading up 4.84%at $98.75 Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports. Brent crude rose $4.82, or 4.9%, to $102.75 by 1028...

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