Oil fell on Friday, widening its weekly losses as prices fell in the shadow of the prospect of weaker economic recovery, rising interest rates from the Federal Reserve and lockdowns in China due to coronavirus affecting demand, although the European Union considers banning imports of russian oil move that will further reduce supply. The International […]
Tag: Brent
Oil: Dropped more than 11% in the biggest weekly drop in 2 years
Oil prices fell on Friday, with US crude slipping 12.8% on the week, the worst five-day period since the end of April 2020, according to the Dow Jones Market Data. In particular, on Thursday, Joe Biden announced the release of 1 million barrels per day from the US for six months, starting in May, in […]
Goldman Sachs cuts its Brent price forecast after Biden oil stock release
US President Joe Biden’s release of 180 million barrels would help rebalancing the oil market in 2022increasing supply by 1 million barrels for six months, Goldman Sachs analysts said in their latest note. Featured Comments “We lower our Brent price forecast for the second half of 2022 by $15/barrel to $120/barrel.” ‘The extra offer’would not […]
Oil: ‘Dive’ over 4% per week
Oil prices closed higher on Friday, after a session of strong volatility, but on a weekly basis, US crude fell more than 4%. “This week’s volatility is due to confusion about what to do with Russian oil exports,” said Manish Raj, chief financial officer of Velandera Energy Partners. He noted that all eyes are on […]
US stocks and Moscow-Kiev talks brought crude losses
Crude futures fell on Wednesday in another volatile session as traders reacted to the expected progress in Russia-Ukraine peace talks and the astonishing rise in US stocks. The oil market has been on a train of terror for more than two weeks, with a wide range of fluctuations every day. Crude traded below $ 100 […]
IEA: Fears of ‘shock’ in global oil supply due to sanctions on Russia
The International Energy Agency (IEA) today voiced fears of a “shock” to global oil supplies following sanctions imposed on Russia following its invasion of Ukraine, revising its 2022 demand forecast. “The prospect of large-scale disruption of Russian production threatens to cause a global shock to oil supply,” the agency, which advises developed countries on their […]
Oil: Save up to 5% on weekly losses by ‘jumping’ over 3%
Oil prices closed higher on Friday, narrowing weekly losses as traders weighed their concerns on global energy supplies in the face of another US move to step up pressure on Russia to halt its attack on Ukraine. In particular, US President Joe Biden on Friday called on the United States to lift the trade regime […]
Oil: Gather around 5% weekly losses by ‘jumping’ over 3%
Oil prices closed higher on Friday, narrowing weekly losses as traders weighed their concerns on global energy supplies in the face of another US move to step up pressure on Russia to halt its attack on Ukraine. In particular, US President Joe Biden on Friday called on the United States to lift the trade regime […]
Three scenarios for the markets, the S&P 500 at 4,800 and the Brent at $105 at the end of 2022 in the central case
UBS economists detail three scenario analyzes for the markets. As the military results and political motives are likely to remain opaque, they believe it is more practical focus attention on the potential impact of war and sanctions on commodity prices, which are visible and have a direct impact on economies around the world. center stage […]
Oil Rally – More than 13 years old for US crude at $ 118 / barrel
Oil prices rallied on Friday, with US crude closing at a 13-year high as Russia invaded Ukraine and Western sanctions on Moscow threatened to disrupt global crude supplies. Oil has risen sharply as fears of Western sanctions halting Russian oil exports, offsetting the possibility of more oil supplies from Iran, added to the news of […]
