Closing at highest since Aug 2022. Brent crude gained 9.2% yesterday. The trading range was limited to $95.2 – 101.85/b with a close at $100.46/b and higher...
Brent crude is trading higher overnight, up roughly USD 4.5/bl from yesterday’s close. That said, prices were at one point up nearly USD 8/bl during the...
IEA Proposes Largest Ever Oil Release From Strategic Reserves (WSJ). Brent up 3.3%. Doesn’t look like the oil market thinks that ”largest ever” release of strategic reserves...
Oil is Iran’s Weapon of Choice and the US gasoline pump is part of the battlefield. Iran’s Revolutionary Guard Corps last evening declared the Strait of Hormuz...
Brent up 8.5% to $79/b while TTF nat gas is up 42% to €42/MWh. The negotiations was the bluff. So war it was. It looks like the...
Brent crude is trading slightly higher this morning, extending yesterday’s rally as the geopolitical risk premium was repriced higher on renewed US-Iran tensions. Brent is now up...
Brent crude rose 2.7% last week to $65.88/b with a gain on Friday of 2.8%. Unusually cold US winter weather with higher heating oil demand and likely US...
Falling back this morning. Brent crude traded from an intraday low of $59.75/b last Monday to an intraday high of $63.92/b on Friday and a close that...
Lower this morning as Rodriguez opens for US cooperation. Brent crude is down 1.4% to USD 69.95/b this morning. The acting president in Venezuela, Delcy Rodriguez, has...
A great bearish week last week for the world’s oil consumers. Brent fell 4.1% and closed the week at $61.12/b and not too far from the low...
