Archive for Tag: BRENT OIL Trade Idea

Brent Crude Oil futures

Oil prices climb as COVID recovery, power generators stoke demand

Brent Oil was trading 0.92% up at  $85.64.  Oil prices hit multi-year highs on Monday buoyed by recovering demand and high natural gas and coal prices encouraging users to switch to fuel oil and diesel for power generation. Brent Crude Oilfutures were up 93 cents, or 1.1%, to $85.79 a barrel...

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Brent Crude futures

Oil prices climb on upgrade to IEA demand forecast

Brent Oil was trading 1.13% up at  $84.22. Oil prices rose by about 1% on Thursday after the International Energy Agency said that record natural gasprices will boost demand for oil and top oil producer Saudi Arabia dismissed calls for additional OPEC+ supplies. Brent crude futures gained 87 cents, or 1.1%,...

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Commodity Markets Outlook

Oil up as industries switch from gas, little sign supply crunch easing

Brent Oil was trading 0.46% up at $82.42. Oil prices rose on Friday, and were on track for gains of nearly 5% this week, on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the U.S. government would release oil from its strategic...

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Oil hits fresh 3-year high after OPEC+ stays course on output plan

Brent Oil was trading 1.42% up at $82.46. Brent Crude was up 15 cents or 0.2% at $79.43 per barrel by 1215 GMT. It rose 1.5% last week, its fourth weekly gain in a row. U.S. oil rose 6 cents or 0.1% to $75.94, after gaining for the past...

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Brent oil futures

Oil Down Over Surprise Build in U.S. Crude Oil Supplies, Possible U.S. Default

Brent Oil was trading 0.74% downat $77.80. Oil was down Wednesday morning in Asia as investors digested a surprise integration of U.S. petroleum supplies. Brent oil futures slid 1.47% to $77.20 by 12:31 AM ET (4:31 AM GMT) and WTI futures fell 1.53% to $74.14. U.S. petroleum supply data...

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