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Brent trades around $73/bbl for most of August, balanced between concerns over supply later in the year and ongoing trade spats between the US and China. Futures are in ...
Brent sees 6.9% decline on 11th July, before recovering to c. $74/bbl mid-month. Money managers take profits and reduce record net long position, using announcement of r...
Brent at $77.37/bbl on 27th June, up from $73/bbl in the wake of the OPEC and allies agreement return to 100% compliance with existing production targets in the near futu...
Brent hit $80/bbl this month before retreating sharply to c. $75/bbl as Russia and Saudi Arabia signalled they will compensate for outages in Venezuela and Angola, and sa...
Brent reached $75/bbl on 23rd April as Vienna Group compliance improved significantly, due to poor Venezuelan and Angolan production performance. The dollar and oil pric...
Brent dipped during early March to c. $65/bbl, but has settled at c. $69/bbl as of 21st March as crude inventories continue to fall counter-seasonally. Fed confidence in...
Brent has seen a sharp correction, settling at c. $67/bbl as of 27th February from $71/bbl previously. Our price forecast sees Brent averaging $65-$70/bbl in 2018. Money ...
Brent has exceeded $71/bbl intraday on January 25th, the highest level since May 2015. However, record net longs from money managers underpin the possibility of a correc...
Brent holds above $63/bbl as Forties pipeline shutdown amplifies bullish sentiment. As futures continue to rise, so do our latest price forecasts with our global supply a...
Brent holds above $60/bbl as speculators amass record net long positions in the run up to OPEC’s 173rd meeting on 30th November. Futures pricing indicates a market in ...