Wild moves yesterday. Brent crude traded to a high of $114.43/b and a low of $96.0/b and closed at $99.94/b yesterday. US – Iran negotiations ongoing or...
A brief sigh of relief yesterday as oil infra at Kharg wasn’t damaged. But higher today. Brent crude dabbled around a bit yesterday in relief that oil...
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...
