Post Tagged with: "Brent oil"

Source: Reuters

Brent oil ‘scarcity premium’ widens as $100 a barrel forecast


LONDON, Oct 26 – The scarcity premium embedded in the structure of Brent crude oil futures has widened to the most since 2013 this week, a sign of the tight market underpinning oil’s rally that pundits increasingly predict will …

Source: CNBC

Brent oil jumps to nearly 3-year high above $80 before turning negative


International oil benchmark Brent crude jumped during early trading on Tuesday morning, topping $80 per barrel for the first time since October 2018 before reversing those gains and dipping into negative territory. The breather comes after five straight positive …

Source: Reuters

Brent oil hovers around $50/bl on vaccine optimism and weaker dollar


LONDON -Oil prices edged lower on Wednesday after a surprise gain in U.S. crude inventories and tighter coronavirus lockdowns in Europe but a weakening dollar and progress on the rollout of COVID-19 vaccines offered support.

Brent crude futures were …