Brent Crude

Oil prices have found some respite from a six-week sell-off as BP PLC (NYSE:BP) became the latest company to announce it was halting shipments through the Red Sea due to the “deteriorating security situation for shipping.” The development comes amid increasing attacks on vessels in the...

Crude oil prices were trading under pressure on Wednesday after the COP28 climate summit ended with a historic agreement to shift away from fossil fuels and increase commitments to renewable energy sources. Nymex WTI, the U.S. benchmark crude futures contract, was trading flat at $68.72 a barrel in...

Oil prices fell to five-month lows on Wednesday following four straight days of declines as traders remained wary that OPEC+ production cuts would have sufficient impact to offset any loss in demand from a global economic slowdown. Brent crude fell 0.8% in early trading on Wednesday to $76.55 a...

Global energy prices fell on Monday, with Brent crude dipping back below $80 a barrel after OPEC+ rescheduled its meeting — originally planned for Sunday — to later this week. In early trade, Brent crude was down 1.2% at $79.50 a barrel, while Nymex West Texas Intermediate fell 1.2% to $74.61 a...

Oil prices fell during afternoon trade on Friday, as OPEC+ was reported to be close to a deal that will bring more oil onto the market from African-producing members of the oil cartel. In mid-afternoon trade, Brent Crude was down 1.3% at $80.35 a barrel, while US West Texas Intermediate fell 2.4%...

By RoboForex Analytical Department Brent crude is maintaining a steady position, trading close to $89.50 as the market endeavors to find a balance. Middle Eastern tensions remain the central focus for traders, as the on-ground operations in the region have introduced multiple uncertainties that can...

Goldman Sachs Group Inc., which has been among the most bullish banks on oil price outlook, has reportedly lowered its price forecasts once again in the wake of increasing global supplies and reducing demand. The bank has now lowered its Brent oil price forecast for December to $86 a barrel...

Oil prices regained some ground on Friday after dropping more than 1% the previous day, thanks to a growing optimism that the risk of a U.S. debt default is receding. Brent futures saw a 0.9% uptick, settling at $76.53 a barrel, whereas West Texas Intermediate U.S. crude rose 0.7% to $72.36. IG...

Prominent market commentator Jim Cramer on Tuesday analyzed a chart by Carley Garner and advised investors to buy the dips in oil, saying that the sell-off in the commodity is largely over. What Happened: “The charts, as interpreted by Carley Garner, suggest that...

WisdomTree’s Brent Crude ETP has attracted a weekly record inflow of close to $500 million, almost tripling the fund’s assets to over $700 million as investors piled into the market during its worst rout in months, reported Bloomberg. The move coincided with benchmark Brent futures...

CME Group Inc. (NASDAQ: CME), a derivatives and options exchange operating in Chicago and New York, formally announced the launch of options on Bitcoin (BTC) futures Monday, delivering on the growing interest and demand for a cash-settled instrument that allows for more efficient exposure and...

Oil has certainly had a tough year, with prices falling well below $50 per barrel and concern from the Street of drops even further. But not all companies are made equal, and some energy companies have bright futures ahead, according to Imperial Capital analysts. Imperial Capital’s Irene Haas...

“We may be the only oil price bulls left,” said Raymond James analyst Marshall Adkins in a note. But rather than follow the crowd and reduce their $65 per barrel forecast for 2018 — a 45 percent upside to current oil prices — analysts dug in their heels and debunked the top...

Oil prices fell to seven-month lows on Tuesday, with Brent Crude falling to $45.62 a barrel. Several oil ETFs were trading 3–7 percent lower in Tuesday’s pre-market session on the news, including United States Oil Fund LP (ETF) (NYSE: USO), which fell to its lowest since February 16,...

Asian stocks closed mostly higher on Wednesday after U.S. equities posted strong gains on Tuesday. "Asian markets have had limited news flow to deal with today," Chris Weston, chief market strategist at spreadbetter IG told CNBC. "The bold moves [today] are a reflection of the belief that the...