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Brent crude, the international benchmark, traded around $73.48 a barrel around midday on Thursday. The forecast is Citi's bull case for oil, which hinges on conflict in the Middle East escalating ...
Crude oil prices were on a roller coaster ride in 2022, going north of $130 in March amid the Russian invasion of Ukraine. ... Brent $90 "Our forecast of $90 Brent in 2023 rests on the view that ...
In March, Morgan Stanley strategist Martijn Rats raised his Brent crude price forecast by $10 per barrel to $90 by the third quarter of this year given "tighter supply/demand balances."
The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. This grade is described as light because of its relatively low density, and sweet because of its low sulphur content. Brent is the leading global price benchmark for Atlantic basin crude oils.
The next week oil jumped 4 percent with Brent finishing at $82.62 and WTI at $78.54, with high demand forecasts a big reason, despite lower confidence in the U.S. economy by consumers. [60] On June 20, Brent reached $85.89, highest since May 1 after U.S. crude inventories fell and a U.S. jobs report made cutting interest rates more likely. [ 61 ]
Since U.S. WTI Midland crude oil transactions joined the dated Brent price assessment a year ago, U.S. oil exports have overshadowed the role of Cushing as a storage and pricing hub, traders and ...
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 ...
"Between that as well as increasing demand from now through the end of the year, I’m expecting Brent crude oil prices to drift up to about $90 per barrel." Anton Petrus via Getty Images.
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