Brent higher last week and today as fresh attacks by Iran and the Houthis shattered a sense of temporary normality exports from the Persian Gulf. Brent...
Last week’s oil price action distorted by rolling of the November contract last week. The December Brent crude oil contract rose $4.8/b, or 5% last week....
Spot crude oil prices at very high levels. The Brent 1M (November) contract yesterday traded between $103.76 – 108.83/b before settling the day at $105.28/b. This...
Dated Brent and Oman crude are showing the way higher. The Brent crude M1 contract (October) gained another 0.75% yesterday. It traded in a range of $95.97-95.06/b...
Oil markets remain tight as the Strait of Hormuz (SoH) continues to be constrained. Things could become much tighter if it is fully closed. However, the...
Brent crude converging to technical levels. Brent crude has traded in a range of $90-95/b over the past five days. It pulled back 2.4% yesterday to a...
Brent rose 6% last week as hopes for a reopening faded. Brent crude rose 6% last week as hopes for ”an imminent reopening” of the SoH, as...
The SoH doesn’t look like it will open any time soon sending Brent crude sharply higher. The Brent crude M1 contract has rebounded sharply since the middle...
Brent M1 moving below the 200 dma of $78.7/b. Brent crude continued its move lower yesterday with a decline of 3.3% to $77.9/b. This morning it is...
Selling down on a ”deal”. Brent crude fell 6.2% last week with accelerated weakness towards the end of the week. Close of the week at $87.33/b and...
