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International benchmark Brent declined in European trade on Monday, sharpening losses for the second straight session and plumbing a two-week trough amid concerns about weak demand in China, the world’s largest fuel consumer. The losses were stymied by growing geopolitical tensions as all sides fail to reach a ceasefire agreement...
International benchmark Brent rose in European trade on Monday, maintaining gains for the third straight session and hovering near four-week highs after the OPEC+ coalition extended production cuts until the end of the second quarter. Saudi Arabia, OPEC’s top producer, also extended its voluntary 2-million bpd production cut until the...
International benchmark Brent rose in American trade on Monday, holding above two-week lows as the dollar lost ground. Prices are under pressure from renewed concerns about global demand due to prospects of global central banks maintaining high interest rates for an extended duration this year. Prices Brent rose 0.4% to...
Brent Oil Price Analysis Expected Scenario The Brent oil price rallied strongly, breaching the 90.95$ level and settling above it. This action stops the previously suggested negative scenario and resumes the main bullish trend within the bullish channel. Expected Outcome The expected outcome is for the bullish trend to continue,...
Brent oil price traded with clear negativity in the previous sessions to break 90.10$ and settles below it, to fall under expected negative pressure in the upcoming sessions, especially after the formation of double top pattern that its signs appear on the chart, thus, the bearish bias will be suggested...
Brent Oil Price Analysis Expected Scenario Brent oil price crawls upwards calmly, waiting to get positive motive that assist to push the price to achieve the expected bullish wave targets that start at 92.35$ and extend to 94.05$ after surpassing the previous level. In general, the bullish trend will remain...
Frequently asked questions
What is the price of Brent Oil today?
The price of Brent Oil is $86.34 (Brent Oil price - Last update: 2024-04-18 10:50AM UTC)