Tag: brent
Why is US Crude Cheaper Than Brent?
Jennifer -
In the world of crude oil, two major benchmarks dominate the market: West Texas Intermediate (WTI), commonly referred to as US crude, and Brent...
Brent Oil Price Forecast: September 23, 2024 – Brent Outlook
Jennifer -
Brent oil prices have opened with positive trades, approaching the $75.24 level, which aligns with the 50% Fibonacci correction for the recent decline. A...
Stock Market Today: Global Markets Rally After Fed Rate Cut
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Global investors are responding positively to the Federal Reserve’s recent interest rate cut, which is seen as a proactive measure to support economic growth. On...
Where Is Brent Oil From?
Jennifer -
Brent oil, often referenced in global financial markets, plays a pivotal role in the oil industry. It is one of the primary benchmarks for...
Macquarie Foresees “Heavy Surplus” for Oil in 2025, Lowers Price Forecast
Jennifer -
Macquarie has revised its oil price forecasts downward, predicting a significant surplus in the oil market over the next five quarters. The bank's latest...
Oil Prices Decline as U.S. Production Resumes and Rig Count Rises
Jennifer -
Oil prices eased on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and data revealed an increase in the U.S....
Stocks Surge and Gold Hits Record Highs Amid Expectations of Steeper Fed Rate Cuts
Jennifer -
New York, Sept 14 — U.S. stocks rallied and gold prices soared to new record highs on Friday, fueled by heightened speculation that the...
Oil Prices Extend Losses Amid Weak Demand and Higher OPEC+ Supply Expectations
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Oil prices continued their decline on Monday, driven by a combination of anticipated increases in OPEC+ production and signs of weak demand growth in...
Brent Oil Price Forecast Update: August 30, 2024
Jennifer -
Brent oil prices are exhibiting a bullish trend, approaching the $80.65 level. A breach of this level is anticipated to pave the way for...
Oil Prices Poised for Weekly Gain Amid Supply Concerns
Jennifer -
August 30 — Oil prices saw modest increases on Friday, positioning themselves for a weekly gain amid ongoing supply concerns stemming from disruptions in...
Oil Prices Slip After Three-Day Surge Amid Middle East Tensions and Libyan Supply Concerns
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LONDON — Oil prices eased on Tuesday after a strong rebound over the past three sessions, driven by concerns over potential supply disruptions due...
Sensex Rises 150 Points, Nifty Surpasses 25,000 as Broader Markets Outperform
Jennifer -
The Indian stock market opened on a steady note on Tuesday, with the Sensex gaining 150 points and the Nifty crossing the 25,000 mark....