Post Tagged with: "climb"

Source: Reuters

Oil prices climb in relief rally as banking concerns ease

Nasdaq


SINGAPORE – Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe.

Brent crude futures LCOc1

Source: Reuters

Oil prices set to climb on rumors that the Fed will stop hiking interest rates

Oil Price


Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices.

 

According to a Reuters report, the …

Source: Oil Price

Oil analyst: Prices will climb over the next 9 months

Oil Price


There are asymmetrical upside drivers for oil prices by the end of the year, according to RBC Capital Markets, which is long oil with WTI call options for June 2023 at $120 a barrel.

 

The increased sanctions …