INSIGHTS
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brent
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
28 Jun 2023
Brent oil falls below $73/b on demand worries despite geopolitical risks
Both Brent and WTI crude oil prices extended recent losses by another 2.5% on Tuesday, falling as low as $72.80/b and $67.90/b respectively as moderate economic growth...
12 Jun 2023
Brent falls over 2% to $73/b on deteriorating economic and demand outlook
Both crude oil contracts started the new week on left footing by retreating over 2% from Friday’s closing, with the price of the international benchmark Brent falling...
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