INSIGHTS
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crudeoil
31 Jul 2023
Crude oil hits three-month highs on supply tightness and recovering demand
Both Brent and WTI crude oil prices hover near three-month highs of $84.50/b and $80.50/b on Monday morning as the production cuts from OPEC+ and Russia have tightened...
15 May 2023
WTI oil falls to $70/b on recession fears and sluggish demand outlook
The crude oil complex extends last week’s losses into the fresh week during Monday’s morning trading session, with WTI falling back below the key $70/b level, and...
26 Apr 2023
Crude Oil Outlook for Q2, 2023
We remain bullish on the crude oil prices for the second quarter of the year based on the mismatch of the demand-supply oil dynamics given the reopening of China which will boost demand, and the...
27 Mar 2023
Crude oil trades to near a 15-month low as bank fears persist
Crude oil prices traded just above a 15-month low on Monday morning as market participants concern over more banking defaults around the world, following the worst...
20 Mar 2023
WTI crude oil slips to $64/b on banking and recession fears
Crude oil contracts have started the new week with further declines following the banking crisis and the economic uncertainty, with the price of Brent crude falling as...
06 Mar 2023
A modest Chinese GDP growth outlook weighs on oil and copper prices
Growth-sensitive crude oil and copper are set to start the new week on left footing as investors weigh a weaker-than-expected forecast on annual economic growth in China