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03 Apr 2023
Brent jumps over 5% to $84 after a surprising OPEC+ output cut
Brent and WTI crude oil prices jumped 5% to $84/b and $80/b on Monday morning, as OPEC and its allies led by Russia announced a surprising output cut of 1
28 Mar 2023
Brent jumps 5% on supply disruption from Kurdistan region in Iraq
Both Brent and WTI crude jumped over 5% to $78/b and $73/b respectively on Monday following news that the Turkish port of Ceyhan stopped pumping crude from Kurdistan via...
14 Feb 2023
Brent crude rises to $86/b as traders weigh SPR sales and Russian output cut
Both Brent and WTI crude oil prices trade to near monthly highs of $86/b and $80/b respectively, as energy traders weighed the impact of Friday’s 500,000 bpd Russian output cut decision together...
31 Jan 2023
Brent oil falls to $83/b on Russian exports and rate hikes
Crude oil prices trade in negative territory for a third consecutive trading session in a row, with Brent and WTI prices falling as low as $83/b and $76.50/b...
27 Dec 2022
Brent oil hits $85/b on a severe U.S. snowstorm and China’s reopening
Brent and WTI crude oil prices climbed to near $85/b and $80/b respectively on Tuesday morning as a severe Arctic snowstorm, frigid cold, and blowing winds, which swept...
06 Dec 2022
Brent drops 3% to $83/b despite the EU embargo and G7 price cap on Russian oil
Both Brent and WTI crude oil prices ended Monday’s session sharply lower by more than 3% to near $83/b and $77/b respectively, after U.S. ISM Services sector activity unexpectedly accelerated in...