INSIGHTS
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brent
07 Dec 2023
Brent oil sinks 4% to a 5-month low of $74 on bearish fundamentals
Brent and WTI crude oil hit fresh 5-month lows of $74/b and $69/b respectively on Wednesday, or down nearly -4%, amid growing concerns over fuel demand on the clouded...
12 Nov 2023
Brent crude falls to a 3-month low of $81 on weaker oil fundamentals
Both Brent and WTI crude oil prices tumbled over 4% on Tuesday, to have their lowest finish since end-July of $81.61/b and $77.37/b respectively, on the back of a...
16 Oct 2023
Brent holds above $90/b as traders assess Middle East turmoil
Crude oil prices turned slightly lower but held Friday’s 6% gains on the first trading day of the week, as energy traders assess whether the turmoil in the oil-rich Middle East could have an impact...
18 Sep 2023
Brent crude oil hit a 10-month high of $95 on tight supplies and solid demand
OPEC+ production cuts, low global oil inventories, and the surging global petroleum demand have helped the Brent crude oil prices to climb as high as $95/b, while the...
10 Aug 2023
Crude oil prices hit multi-month highs on supply concerns
Energy is shining again as Brent and WTI crude oil prices hit multi-month highs on growing concerns over global supply tightening, the increased geopolitical risk, and...
11 Jul 2023
Brent oil extends gains over $78/b on OPEC+ supply cuts and a weaker dollar
Both Brent and WTI crude oil prices have rebounded nearly 10% since bottoming at the end of June given the supply cuts by the world’s biggest oil exporters Saudi Arabia and Russia and a falling U