BZMAIN Brent Last Day Financial Futures(JUL4)
- 83.98
- +0.71+0.85%
Brent Last Day Financial Futures(JUL4) News
UBS: OPEC+ is expected to extend the production reduction agreement for at least 3 months, and oil will rise to $91 in June
OPEC+ will hold its next meeting on June 1, and UBS expects that the organization will agree to extend the voluntary production reduction agreement to maintain the balance of the oil market.
Oil Prices Steady, Set for Mild Weekly Gains Amid Demand Hopes
Oil prices moved little in Asian trade on Friday, but were headed for a mildly positive week as a softer dollar, shrinking U.S. inventories and increased Chinese stimulus stoked hopes of improving demand.
WTI Extends the Rally Near $78.90, US Inflation Data Boosts Fed Rate Cut Expectations
WTI prices gains traction near $78.90 on Friday.
Oil Set to Eke Out Weekly Gain as Supply and Inflation Set Tone
Oil headed for a modest weekly gain as futures stayed in a narrow range, with the outlook for supply and inflation in focus.
Oil Prices Pull Back as Post-CPI Relief Rally Runs Out of Steam
Oil futures edged lower Thursday, losing ground after a relief rally sparked by data showing a slowdown in key U.S. inflation data ran out of steam.
Oil Prices Rise as Softer CPI Dents Dollar, US Inventories Shrink
Oil prices rose in Asian trade on Thursday, extending gains from the prior session as a softer-than-expected U.S. consumer inflation reading brought down the dollar and ramped up hopes of interest rate cuts.
Crude Oil Whips on Wednesday, Surge in Risk Appetite Sparks Recovery in Barrel Bids
WTI hits two-month low before recovering into familiar territory.
Global Oil Demand Growth Outlook Continues to Soften, IEA Says
The outlook for global oil demand growth this year continues to soften amid an economic slowdown and mild weather in Europe, the International Energy Agency said.
WTI Edges Higher to Near $78.50 Due to Drawdown in US Inventories, Canada Wildfires
WTI price appreciates due to the potential for supply disruptions amid Canadian wildfires.
Oil Prices Rise as US Inventories Dip; CPI Inflation in Focus
Oil prices rose in Asian trade on Wednesday as industry data showed a drop in U.S. inventories and boosted expectations of tighter supplies, although anticipation of key inflation data kept gains limited.
Oil Advances With Supply in Focus as US Stockpiles Seen Lower
Oil advanced after an industry report showed shrinking US stockpiles, and traders looked ahead to a report from the International Energy Agency that may shed light on market balances into the second half.
Crude Oil Finds Late Bump but Still Sheds Weight on Tuesday as WTI Grapples With $78
WTI fell back into familiar lows on Tuesday before a late-day jump.
OPEC Sticks to Oil-Demand View, Posts Fall in Overall Output
The Organization of the Petroleum Exporting Countries left its estimates for global oil-demand growth unchanged for this year and next, while reporting a fall in crude output as the market awaits the cartel's next production policy move at its upcoming meeting in June.
Oil Steadies as Traders Look to OPEC Report and Inflation Data
Oil held a gain before the release of an OPEC market outlook, with traders looking for signs on whether supply curbs will be extended, as well as US inflation data that will shape expectations for monetary policy.
Oil Prices Track Gold, With a Lag. Prepare for Higher Crude
Chart in Focus McClellan Financial Publications May 9: Gold is valuable, not just as a tradable commodity but because it knows things about the future that are useful. One thing gold knows is what crude oil prices are going to do.
Oil Prices on Track for Weekly Gain
By William Watts Oil futures rose Friday and were on track for weekly gains, taking back some of the ground lost last week as fears of a broader Middle East war faded. Price moves West Texas Interm
Oil Prices Still Under Pressure, Putting OPEC+ Supply in Focus -- Market Talk
Oil prices have recouped some of the losses posted earlier this week, but Brent crude continues to trade below $85 a barrel despite growing tensions in the Middle East.
Oil Heads for Weekly Gain on Renewed Optimism for US Rate Cuts
Oil headed for a third day of gains — putting crude on course for a weekly advance — as US jobs data supported the case for Federal Reserve rate cuts this year, buoying risk assets.
Crude Oil Prices Gain as US Crude Stocks Record Surprise Draw, ANZ Bank Says
Crude oil prices climbed after the U.S. Energy Information Administration's weekly report showed a draw in U.S. crude inventories, signaling a tight physical market, ANZ Bank said in a Thursday note.
Goldman Sachs predicts that there is no hope that production will increase at the OPEC+ meeting in June, and oil prices may stay in the 75-90 dollar range
Goldman Sachs said on Wednesday that they no longer expect OPEC+ to announce the partial lifting of its voluntary production cuts at the June meeting.