OMS-1 Oil Market Snapshot
July 2021
Brent Back Around $74/bbl After Post-OPEC+ "Dump and Pump"

  • Brent is now trading around $74/bbl, after a 10% drop of $7.72 and recovery after the next phase of the OPEC+ deal was announced, with firm demand a...

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OMS-1 Oil Market Snapshot
June 2021
Brent Tops $75/bbl As Demand Recovery Continues

  • Brent has risen to above $75/bbl, after a dip to $72/bbl when the US Federal Reserve indicated it may raise interest rates to counter inflation
  • ...

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OMS-1 Oil Market Snapshot
May 2021
Market Shrugs Off Brazil and India Covid Surge

  • Brent is trading c. $69/bbl, with traders focussed on the relative firmness of OECD demand
  • We increase our Brent annual average forecast ...

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