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Brent crude is trading slightly higher this morning, extending yesterday’s rally as the geopolitical risk premium was repriced higher on renewed US-Iran tensions. Brent is now up USD 4.5/bl from Tuesday’s low, and around…
After reaching USD 66.78 per barrel on Friday afternoon, Brent crude has since traded mostly sideways, yet dipping lower this morning. The market appears to be consolidating last week’s sharp gains, with Brent now easing…
Brent down 0.5% last week with a little bounce this morning. Brent crude fell 0.5% last week to USD 66.68/b with a high of the week of USD 68/69/b set early in the week and the low of USD 66.44/b on Friday. This morning…
The Brent crude M1 contract (October) gained another 0.75% yesterday. It traded in a range of $95.97-95.06/b and closed at $97.0/b. This morning it gains another 1.4% to $98.4/b. The Dubai M1 contract which is settled in…
Brent is climbing higher. Front-month is at USD 106.3/bl this morning, close to a weekly high and a USD 9/bl jump from Mondays open. This is the move we flagged as a risk earlier in the week: the market shifting from ”a…
Brent crude is trading higher overnight, up roughly USD 4.5/bl from yesterday’s close. That said, prices were at one point up nearly USD 8/bl during the night before easing back this morning. Brent is currently hovering…
Brent crude is essentially flat on the week, but after a volatile ride. Prices started Monday near USD 65.5/bl, climbed steadily to a mid-week high of USD 67.8/bl on Wednesday evening, before falling sharply – losing abo…
Best price since early August. Brent crude gained 1.2% yesterday to settle at USD 67.67/b, the highest close since early August and the second day of gains. Prices traded to an intraday low of USD 66.74/b before closing…
Brent crude is currently trading around USD 66.2 per barrel, following a relatively tight session on Monday, where prices ranged between USD 65.3 and USD 66.8. While expectations of higher OPEC+ supply continue to weigh…
Brent rallied 12% last week. But closed the week below USD 75/b and it is still there. Very relaxed. Brent crude rallied 12% to USD 78.5/b in the early hours of Friday as Israel attacked Iran. The highest level since 27…