Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as investors assess the potential hit to supply from a further tightening of U.S.
That being said, you have to be very cautious with chasing the trade, but one thing is clear here, you certainly do not want to get short of this market. The Brent market looks very much the same ...
2-Year U.S. Treasury Note Continuous Contract $102.758 0.031 0.03% 5-Year U.S. Treasury Note Continuous Contract $106.148 0.078 0.07% 10-Year U.S. Treasury Note Continuous Contract $108.469 0.094 ...
Analysts at Standard Chartered Bank noted that, in their view, 'the most important current feature of the oil market is ...
With geopolitical risks in Ukraine and the Middle East, the Brent market was geared up for a cutoff in supply that never materialized, while the U.S. economy performed better than most parts of ...
Oil fluctuated as investors reacted to rapid-fire moves on trade by the Trump administration, with the US threatening, and ...
Saudi Arabia's state oil company Aramco bought its first cargo of WTI Midland, a U.S. crude oil grade that underpins the ...
"The tighter crude market is unmistakenly mirrored in the deepening Brent backwardation," Varga added. The premium of the first-month Brent contract to the second month has almost doubled this ...
Crude futures gain on the last day of the year with help from positive Chinese data. WTI ends 2024 up 0.1% at $71.72 a barrel, outperforming Brent which lost 3.1% during the year to $74.64 a barrel.
the Brent market was geared up for a cutoff in supply that never materialized, while the U.S. economy performed better than most parts of the world, says Phil Flynn of the Price Futures Group.