Brent Crude Oil

By RoboForex Analytical Department Brent crude oil prices have shown resilience, hovering just below the $83.00 mark per barrel as of Monday, reaching a notable two-week peak. This current pricing reflects the interplay of various market factors, most notably the slight weakening of the US dollar...

By RoboForex Analytical Department For the last month and a half, the crude oil market has been under a constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday. The decline was triggered by the decision of...

Global oil prices fell on Monday after COP28 president Sultan Al Jaber hit back at criticisms of comments he made before the climate summit about scientific evidence of the need to phase down the use of fossil fuels. In an online event in November, Al Jaber had reportedly remarked there was “...

By RoboForex Analytical Department As expected, energy carrier prices saw a decline last Friday, marking the end of both the month and the quarter. This morning, Brent crude hovers around 92.44 USD per barrel. Over Q3, crude oil prices surged by 23%, driven by reduced supply from Saudi...

By RoboForex Analytical Department The price of Brent crude oil is showing positive momentum, stabilizing at approximately $88.57 per barrel as of Monday. The market sentiment is predominantly bullish. This upward trend is supported by encouraging economic data from both China and the United States...

By RoboForex Analytical Department Crude oil prices have paused in their rally. Brent quotes on Monday dropped to 79.20 USD per barrel. One of the reasons for this local decline might be the market decision to lock in a part of the profit after the steady growth earlier. This version is also...

By RoboForex Analytical Department The price of Brent crude oil commenced the new week in June with a marginal decline, reaching $75.70 per barrel. Investor uncertainty regarding the expansion of energy demand remains a significant factor restricting the potential for price increases in the "...

By RoboForex Analytical Department The commodity market is currently being impacted by various factors, causing Brent crude oil prices to decline. Currently, the price of a barrel of Brent is hovering around $72.35, reflecting a loss of approximately 4% within a 24-hour period. Bearish sentiment in...

Oil maintained gains from the previous session on Tuesday morning in Asia trading after the Organization of Petroleum Exporting Countries and allies including Russia (OPEC+) decided on a modest 100,000 barrel-a-day supply cut while adding that the group may do more in the fourth...

Oil prices fell in Asia trading on Monday following a report about a nuclear agreement revival between Iran and Western countries and on fears of a rate hike in the U.S. coupled with a strong dollar. Landmark Deal: The Iran nuclear deal is “imminent” and an agreement to revive the...

Oil rose in Asia trading on Tuesday morning, driven by anticipation that Russia's reduction of natural gas supply to Europe would prompt a switch to crude, although demand concerns on possible U.S. rate hikes kept a lid on gains. What Happened: Russia’s multinational energy...

Oil prices edged up on Friday, led by strong demand in Asia after the commodity took a beating in the last few sessions. An outsized European Central Bank (ECB) rate hike, coupled with an easing supply and demand deficit took oil down by 3% on Thursday. What Happened Earlier: Oil prices...

Oil prices held on to their record gains on Monday even as the U.S. air strikes in Iraq and Syria on Sunday increased political tensions in the Middle East. What Happened The U.S. forces carried five "defensive strikes " at bases controlled by Iran-backed Shia militia Kata'ib...

Things just keep getting worse for the Global X MSCI Nigeria ETF (Global X Funds (NYSE: NGE)), the lone exchange-traded fund dedicated to Nigerian stocks. Inflation, Currency Woes Weigh On Nigeria As has been previously noted in this space, NGE has been struggling this year even as oil prices and...