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Platts said WTI and Brent were the cheapest grades and helped establish the dated Brent price. Brent crude oil futures dropped by almost 5% and dated Brent as assessed by Platts dropped by 1.8% to ...
The IEA forecasts a major oil supply glut in 2025, ... Bank of America expects Brent crude to average $61 per barrel through 2025, indicating a 17% decline from current levels. ... In Other News.
U.S. crude oil and distillate inventories were expected to have fallen last week, while gasoline stocks likely rose, a preliminary Reuters poll showed ahead of a report from the American Petroleum ...
Oil jumped nearly 2% on Thursday as the Russia-Ukraine war escalated, outweighing an uptick in inventories. West Texas Intermediate futures settled at $70.10 per barrel, while Brent (), the ...
International Brent crude-oil futures are down 4% year to date. ... In response to the news about the potential new oil sanctions, ... Reuters. Asia shares rise, dollar underpinned by elevated ...
The organization, led by Saudi Arabia, has voluntarily reduced oil output since mid-2023 in a bid to boost prices. Despite their efforts, Brent crude, the international benchmark, is down over 12% ...
Brent crude oil, the international benchmark price, fell by 4.63% to close at $77.42 per barrel. Over the last month, WTI crude oil is down more than 16% while the price of Brent crude is off more ...
Meanwhile, Goldman Sachs analysts last week said, "We continue to expect Brent crude oil prices to remain well supported at the top-end of our $70-$90/bbl [per barrel] range for the remainder of ...