Brent crude
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Brent crude oil is down 2.58% today, currently trading at $102.120.
Brent crude oil is down 2.58% today, currently trading at $102.120.
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JPMorgan Chase Global Macro Conference Minutes: Geopolitical Risk Premium Expected to Persist Until 2027, Brent Crude Average Price Potentially Reaching $87/barrel in 2027
JPMorgan Chase's Strategic Research Department's meeting minutes indicate that geopolitical risk premiums are underestimated and are expected to persist until at least 2027. The commodities strategy t
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Oil prices surge past $108, Brent crude hits $108.88/barrel, as Saudi pipeline shutdown, Houthi attacks and Libya disruptions fuel supply fears
Brent crude climbed 3% to $108.88 per barrel and U.S. West Texas Intermediate (WTI) rose 4.7% to $106.12 per barrel on Tuesday. The rally is driven by continued uncertainty over the reopening of Saudi
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Saudi Arabia canceled some European crude oil shipments for September, coupled with production halts in Libya and maintenance in Kazakhstan, pushing Brent crude up 1.6% to $107.39 and WTI up 2.1% to $103.51.
Saudi Arabia has reportedly canceled some September crude oil shipments to European refiners due to damage to its East-West pipeline, while Libyan oilfield shutdowns and maintenance work in Kazakhstan
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BofA Securities analyst Blanch: Brent crude could rise to $150/barrel if Saudi Arabia's key infrastructure suffers "more permanent" damage.
Brent crude prices could rise to $150/barrel if critical infrastructure such as Saudi Arabia's East-West Pipeline were to suffer a "more permanent" hit, said Francisco Blanch, head of commodity and de
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Brent crude settles at $105.34, up 0.7%, as Saudi Arabia's Hormuz bypass pipeline remains shut after drone strikes
The East-West pipeline, capable of carrying 7 million barrels per day, was hit by Iraq-launched drones last Thursday and has been taken offline. Analysts estimate repairs could take months, potentiall
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HSBC raises 2026 Brent crude forecast to $90 from $80, sees rebalancing by mid-2027
The bank also raised its 2027 forecast to $85 from $65, and set a longer-term assumption of $75 from 2028 onward. Senior oil analyst Kim Fustier wrote that oil markets are unlikely to rebalance until
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CFTC data shows that as of the week ending September 8, WTI crude oil net long positions increased to 139,339 contracts, a 20-week high.
According to the latest Commitment of Traders (COT) data from the U.S. Commodity Futures Trading Commission (CFTC), speculative funds continued to increase their bullish bets on crude oil for the week
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Houthis attack Saudi East-West oil pipeline, threaten alternative route around Strait of Hormuz, Brent crude rises to $105.
Satellite imagery shows fire and thermal anomalies along Saudi Arabia's East-West Pipeline, which transports 7 million barrels per day, suggesting a possible attack by Houthi rebels. This attack could
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Pakistan engages in diplomacy with Iran and Saudi Arabia as Houthi-Saudi conflict escalates and Brent crude surpasses $107
Iran's Foreign Minister Abbas Araghchi held phone calls on Thursday night with Pakistan's chief of defence forces, Field Marshal Asim Munir, and Saudi Arabia's Foreign Minister, Prince Faisal bin Farh
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Brent crude futures fell 3.58% to $103.78 per barrel on Friday, while WTI crude dropped 2.17% to $99.23 per barrel, after both recorded their first double-digit weekly gains in months, breaking above $100.
Brent and WTI crude futures ended their respective five- and eight-day winning streaks. This followed a surge in oil prices driven by geopolitical factors such as escalating conflict in the Middle Eas
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U.S. crude oil prices fell below $100, while diesel prices surged past $6 per gallon to hit a new high.
U.S. crude oil prices fell on Friday, with the West Texas Intermediate (WTI) October contract dropping 2.5% to $99.86 per barrel after hovering above $100. The Brent crude November contract fell 3% to
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Brent crude oil is down 2.74% today, currently trading at $104.680.
Brent crude oil is down 2.74% today, currently trading at $104.680.
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Brent Oil Trades Near $107 as Houthi-Saudi Fighting Escalates
Brent crude oil traded near $107 a barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is
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U.S. Diesel Price Breaks $6/Gallon for First Time, Up Nearly 60% Since Iran War Began Amid Tight Supply
The U.S. average diesel price surpassed $6 a gallon for the first time, according to GasBuddy, up nearly 60% since the Iran war began. Supply remains extremely tight, with U.S. diesel inventories 13%
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The US-Iran conflict may become protracted, with Brent crude oil surpassing $102 due to escalating shipping risks in the Strait of Hormuz and the Red Sea.
Iran is committed to continuing the fight and has rebuilt its missile capabilities, according to Bloomberg. Meanwhile, the Wall Street Journal reported that senior White House advisors have warned Don
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Houthi forces have seized control of Mocha, a city on Yemen's Red Sea coast, altering the balance of power over the Bab el-Mandeb Strait. Brent crude oil rose over 1% to $102.4/barrel.
Houthi forces have seized control of Mocha, a city on Yemen's Red Sea coast, altering the balance of power over the Bab el-Mandeb Strait. Brent crude oil rose over 1% to $102.4/barrel.
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Ryanair CEO warns airfares could see 'significant uplift' if oil prices remain high
Ryanair CEO Michael O'Leary stated on Thursday that airfare prices may experience significant increases if elevated oil prices persist, as the rising cost of jet fuel continues to pressure the airline
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China's crude stockpiling helped curb oil price surge amid Iran war, but signs of resuming purchases may test buffer as Brent crosses $100 on Wednesday
S&P Global Ratings global chief economist Paul Gruenwald noted that China's years of crude stockpiling and subsequent reduction in oil purchases since the Middle East war erupted in late February help
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Asian Stocks Slide, Hong Kong's Hang Seng Index Down 1.15%, as Brent Crude Tops $100 Amid Middle East War Fears and Ahead of US Inflation Data
Asian stocks retreated with Hong Kong's benchmark Hang Seng Index opening down 289 points, or 1.15%, at 24,985. Mainland China's Shanghai Composite Index fell 0.31%, Japan's Nikkei 225 opened 0.57% lo
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Brent crude oil surpassed $101 overnight, domestic crude oil futures surged 9%, and A-share oil and gas stocks were active.
On September 10, domestic commodity futures saw crude oil surge by 9% and fuel oil jump over 5%, driven by Brent crude breaking above $101 per barrel overnight and escalating tensions in the Middle Ea
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EIA Significantly Raises Oil Price Forecast: Brent Crude Expected to Average $91 in 2026 Due to Greater-than-Expected Middle East Supply Disruptions
In its latest Short-Term Energy Outlook (STEO) released on September 9, the U.S. Energy Information Administration (EIA) raised its forecast for the average Brent crude oil spot price to $91 per barre
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Brent crude oil surpasses $100/barrel as new Middle East attacks spark supply concerns.
Brent crude prices surged past $100 a barrel following new attacks in the Middle East, intensifying market concerns over oil supply.
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Brent crude oil rose 3.4% to break above $101. Goldman Sachs stated that if the US military continues to strike Iranian oil tankers, oil prices could rise to $120.
Brent crude prices rose about 3.4% to $101.25 on Wednesday, breaking above $101 for the first time since July, after U.S. forces destroyed five Iranian oil tankers on Tuesday. Goldman Sachs analysts s
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International oil prices plunged over 6%, with Brent crude falling to $106.54/barrel, boosted by hopes for U.S.-Iran diplomacy.
International oil prices extended their declines, boosted by hopes of a new round of talks between the US and Iran to end the eight-month conflict in the Middle East. Brent North Sea crude futures, th
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WTI crude oil fell below $100 and Brent crude oil dropped nearly 4% following reports of US-Iran diplomatic efforts.
WTI crude oil fell below $100 and Brent crude oil dropped nearly 4% following reports of US-Iran diplomatic efforts.
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Brent crude oil is down 2.9% from its previous close, now trading at $112.380.
Brent crude oil is down 2.9% from its previous close, now trading at $112.380.
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Brent crude oil rose to $118/barrel, up 2.5% on the day, due to concerns about a potential US attack on Iran.
Brent crude oil prices rose to $118 per barrel, up about 2.5% on the day, due to a tanker attack and the possibility of further US strikes on Iran, sparking concerns about global supply. Meanwhile, th
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UBS raises year-end Brent crude oil forecast to $110/barrel due to persistent Middle East risks, declining inventories, and soaring shipping costs.
UBS raises year-end Brent crude oil forecast to $110/barrel due to persistent Middle East risks, declining inventories, and soaring shipping costs.
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UBS raises year-end Brent crude oil forecast to $110 per barrel.
UBS raises year-end Brent crude oil forecast to $110 per barrel.
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Brent crude oil rose 1.0% intraday to $111.87 per barrel; WTI crude oil rose 1.0% intraday to $102.78 per barrel.
Brent crude oil rose 1.0% intraday to $111.87 per barrel; WTI crude oil rose 1.0% intraday to $102.78 per barrel.
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Brent crude oil has broken above the $111/barrel mark, now trading at $111.08/barrel.
Brent crude oil has broken above the $111/barrel mark, now trading at $111.08/barrel.
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Bitcoin dips below $81,000 as Brent crude oil hits highest level since March
Bitcoin dips below $81,000 as Brent crude oil hits highest level since March, with the 50-day moving average now in focus for support.
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The Brent crude oil market is experiencing a divergence between futures and spot prices, with futures prices rising while spot prices fall.
The Brent crude oil market is experiencing a divergence between futures and spot prices, with futures prices rising while spot prices fall.
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Goldman Sachs: Global crude oil shipping costs surge sevenfold in one year, with Middle East routes reaching up to $35/barrel, putting Asian refiners' profits at risk.
Goldman Sachs reported on October 20 that global crude oil freight rates have surged sevenfold within a year, with the global average freight cost skyrocketing from approximately $3/barrel to over $20
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Deutsche Bank: Middle East Situation to Lead to "Extreme Choice" for Brent Oil Prices Between $74 and $130 in 2027
Deutsche Bank energy analyst Michael Hsueh's research indicates that the trajectory of the Middle East situation will be key in determining Brent crude oil prices in 2027. If peace talks are achieved
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Brent crude oil prices surged past $110 per barrel, driven by threats to shipping in the Strait of Hormuz following vessel attacks and a decline in U.S. industry inventories.
Brent crude oil prices surged past $110 per barrel, driven by threats to shipping in the Strait of Hormuz following vessel attacks and a decline in U.S. industry inventories.
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Brent crude prices fell back to $107.57 a barrel after a new attack on vessels in the Strait of Hormuz.
Earlier this month, multiple Iranian attacks on vessels in the Strait of Hormuz once again disrupted crude oil exports through the strait. Although oil flows briefly rebounded to pre-war levels last m
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Brent crude hovers around $109 as Ukraine resumes attacks on Russian energy facilities and oil tankers are attacked in the Middle East.
Brent crude oil prices hovered around $108.82 per barrel after Ukraine launched a large-scale drone attack on Sunday, causing fires at oil terminals and depots in St. Petersburg, Russia. Meanwhile, th
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Brent crude oil surpassed $110 per barrel for the first time since May, as growing supply risks prompted traders to increase bullish bets ahead of the weekend.
Brent crude oil surpassed $110 per barrel for the first time since May, as growing supply risks prompted traders to increase bullish bets ahead of the weekend.
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Morgan Stanley Raises 4Q26 Brent Price Forecast to $105 a Barrel From $100, and 1Q27 Forecast to $100 From $95.
Morgan Stanley Raises 4Q26 Brent Price Forecast to $105 a Barrel From $100, and 1Q27 Forecast to $100 From $95.
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Nikkei Asia: Spot Brent Crude Oil Prices Hit Record Highs Due to Supply Disruptions in the Strait of Hormuz
Nikkei Asia reported that spot crude oil prices reached new highs due to rising premiums buyers were willing to pay amid supply disruptions in the Strait of Hormuz. The spread between spot crude oil p
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Hormuz Strait transit risks drive tanker captain salaries to $100,000 plus $50,000 bonus per trip; Brent crude up 2.28%
Reports indicate that tanker captains navigating the dangerous Strait of Hormuz are now earning base salaries of up to $100,000, along with a $50,000 bonus per voyage, with overall crew pay reaching f
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Brent crude oil prices break above $104, global bond markets fall again.
Brent crude prices topped $104 a barrel in Thursday trading, according to The Wall Street Journal. Meanwhile, global bond markets experienced another downturn.
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US stocks retreated from record highs, and Brent crude fell as markets calmed after a US Treasury auction.
US stocks retreated from record highs, and Brent crude fell as markets calmed after a US Treasury auction.
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UBS raises year-end oil price forecast, Brent crude target price to $100/barrel, due to increased risks in the Strait of Hormuz.
UBS raises year-end oil price forecast, Brent crude target price to $100/barrel, due to increased risks in the Strait of Hormuz.
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A Panama-flagged oil tanker was attacked and caught fire in the Strait of Hormuz, injuring 12 crew members. The Royal Air Force of Oman has evacuated 10 crew members.
Oman's Ministry of Defense stated that the oil tanker "On Peace" was attacked and caught fire on Tuesday, 9 nautical miles off the coast of Lima Port, Oman. The Indian Ministry of External Affairs rep
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