Archive for Tag: difference between crude oil and brent oil

Brent Crude futures

Oil climbs on slow return of U.S. supply after Hurricane Ida

Brent Oil was trading 0.04% up at $71.72. Oil prices climbed on Wednesday, recouping some overnight losses from a stronger dollar and demand concerns, with a slow production restart in the U.S. Gulf of Mexico and resumption of refining activities providing support. U.S. West Texas Intermediate (WTI) crude futures...

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Brent Oil

Market Outlook – Oil rises on demand outlook, Gulf outages

Brent Oil was trading 0.03% down at  $72.24. The head of Russia’s No. 2 oil producer Lukoil said that oil prices of $65-$75 were “comfortable” for consumers and that the OPEC+ group of leading oil-producing nations was striving to maintain that price range by regulating output. In an interview...

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Brent Oil

COMMODITY – Oil rises on demand outlook, Gulf outages

Brent Oil was trading 0.60% up at $73.47. Oil prices rose on Friday as a rebound in global demand was widely expected and a slow recovery for the U.S. Gulf Coast export and refining hub from the hurricane earlier this week looked set to deplete stocks further. BRENT CRUDE...

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OPEC+ will need to boost output to meet 2022 demand recovery – IEA

Brent Oilwas trading 0.33% up at $72.75. The world will need a lot more oil from OPEC+ as global demand is on track to return to pre-pandemic levels at the end of next year, the International Energy Agency said on Friday, just a few weeks after saying long-term oil...

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Weekly Outlook for Crude Oil | Capital Street Fx

CURRENT SCENARIO U.S. West Texas Intermediate and Brent petroleum futures posted a choppy two-sided trade, but still managed to shut over 2% higher for the week. Traders put aside most worries about the raging pandemic in India by surmising that the top of lockdowns within the us and parts...

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