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Goldman Sachs Commodities Research analysts increased Brent forecasts by $5/bbl to $95/bbl (vs. 90 previously) for December 2023, and to $100 (vs. 97) for December 2024.
"At face value, and assuming no policy, supply or demand response, Russia's actions could push Brent oil price to $90 already in April, reach mid-$90 by May and close to $100 by September," Kaneva ...
Oil prices are headed lower next year. ... her team predict Brent ... of the Russian invasion of Ukraine or a wider mid-Eastern war to really send prices back up to the 2022 or 2023 highs.” ...
The price of Saudi light crude sold to Asia fell to the lowest since November 2021. [1] Oil rose for the next two weeks, with Brent ending at $87.63 and WTI at $81.31, with loosening of restrictions in China a big reason, along with expectation of smaller interest rate increases.
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
Brent futures fell 72 cents, or 1.0%, to settle at $73.19 a barrel, while U.S. West Texas Intermediate crude slipped 63 cents, or 0.9%, to settle at $70.08. ... -Oil prices eased about 1% to a one ...
Expect Brent crude prices to stay relatively flat next year before falling in 2025, say JPMorgan analysts.
Crude oil markets have gotten slammed during the trading week to reach the bottom of the triangle, only to turn around and show signs of life as we are closing towards the top of the same triangle.