Posts Tagged ‘Brent crude oil’
Gold and Oil News - March 7, 2026 23:33
Brent Smashes Higher As The Strait Of Hormuz Is Closed
Well that escalated, didnt it? Brent Oil was sat around $70 a barrel last Friday looking like it might drift lower and then the US and Israel went and bombed Iran over the weekend and everything changed. By Monday morning the Brent Oil price had gapped up 9 percent to nearly $80 and WTI wasnt […]
Iran Talks Go Nowhere and Oil Price Shrugs
Oil prices had one of those weeks where they looked like they wanted to go somewhere then just.. didnt. Brent crude price finished around $68 a barrel down from nearly $70 the week before, the whole Iran situation has markets uncertain. Trump said the talks were going well Tehran called it a step forward, but […]
Crude Oil Prices Keep Sliding as Opec Floods Market
In recent months, the price of crude oil has seen a notable drop, as Brent crude fell more than 20% from mid-January, now hovering near $60 per barrel – a low not seen in four years. A mix of reasons has pushed this decline, such as OPEC+ pumping out more oil, a dip in the […]
Crude Oil Prices Rally as Inventory Declines and Rate Cut Hopes Emerge
On Thursday, crude oil markets saw a notable shift as oil futures surged. This was a direct reaction to the latest data from the U.S. Energy Information Administration. The latter reported a massive decrease in crude inventories. Simultaneously, the current cooling in job markets could indicate the need for the Federal Reserve interest rate cut. […]
Oil Prices Surge Amid Record Demand and Supply Tightening
The trajectory of Brent crude oil prices in recent weeks presents a compelling narrative of change and potential. The period since early July 2023 has witnessed an impressive gain of over $10 in Brent crude oil, effectively breaking free from a stagnant several-month range that had held it below $76. The remarkable ascent culminated in […]
Oil Prices Gain Some Ground Due to Iraqi / Kurdistan Stand Off
On Tuesday, crude oil prices increased slightly, continuing their significant gains from the prior day due to the risk of supply disruptions from Iraqi Kurdistan and optimism that the uncertainty in the banking sector has reduced. The arguments escalated last week, causing the Iraqi government to halt oil exports from Kurdistan to Turkey. This action […]
Rising Oil Prices Don’t Look Like They Are About To Stop
Oil prices are souring and don’t look to be stopping. As sanctions hit Russia, the second-largest exporter of oil in the world, after its invasion of Ukraine, a global search for crude oil spare barrels is under way. However, don’t be surprised if Saudi Arabia doesn’t step in to help. The kingdom could reduce global […]
Oil Prices Fly Whilst Stocks Say “Whatever”
As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted. There’s currently lots of finger pointing happening from all sides on who is to blame for these attacks, but […]
Is Crude Oil Set to Bounce After a Month of Falls?
It’s fair to say that Crude oil and Brent oil prices were under serious pressure for the whole of October. Brent oil retraced around 18% from the high of the 4th October, which helped fuel a wider market sell off. Brent is now trading around the levels of July and August 2018, which held firm […]
Oil Prices On The Cusp Of A Major Low
So here we are, on the cusp of oil prices breaking the 2015 lows. Below this and oil is heading down to prices not seen since the mid noughties. But how did it get so low? Will it recover? There are a bundle of reasons why oil prices have been falling steady. Supply and demand, […]
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