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Topic

Brent oil prices

Oil stutters: Bounce back likely

Oil stutters: Bounce back likely

Published 07 Jun, 2024 08:09am
Having dropped to the lowest since February 2024 – Brent oil is staging a comeback of sorts, and all signs indicate...
Brent oil may fall more to $67.14

Brent oil may fall more to $67.14

Published 06 May, 2021 11:58am
  • In either case, oil is expected to retrace further over the next few days. Only a rise above $69.87 could confirm the continuation of the uptrend towards $71.38.
Forties oil work to drive drop in June Brent benchmark supply

Forties oil work to drive drop in June Brent benchmark supply

Published 29 Apr, 2021 05:41pm
  • Forties is normally the largest or second-largest of the five crude grades that underpins Brent, loading as many as 15 cargoes in a month. The other four grades are Ekofisk, Oseberg, Troll and Brent itself.
  • "It's going to be a tiny programme," one of the sources said, adding that the Hound Point terminal where Forties cargoes load would be closed for most of June.
Brent oil may test support at $61.22

Brent oil may test support at $61.22

Published 08 Apr, 2021 12:53pm
  • On the daily chart, oil is consolidating around $62.91, the 38.2% retracement on the uptrend from $49.20 to $71.38.
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