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BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...
Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...
Oil futures were higher after two days of losses with the market awaiting Friday’s U.S.-Russia summit and digesting higher EIA and IEA estimates for global inventory builds.
The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...
The NYMEX September West Texas Intermediate oil contract was 89cts lower at $62.28/bbl and October WTI was down by about the same to $61.59/bbl at about 11:30 a.m. ET. The October Brent crude contract ...
The U.S. Energy Information Administration on Tuesday forecast Brent crude oil spot prices will average less than $60 per ...
OPEC raised its expectations for global oil demand growth next year and lowered the supply growth forecast for producers ...
Brent futures settled down 16 cents, or 0.2%, to $67.61 a barrel on Monday, while U.S. West Texas Intermediate crude settled down 41 cents, or 0.6%, at $65.11 a barrel.
WTI crude oil futures were higher but momentum was now turning bearish, based on the technical chart.
Investing.com - UBS has lowered its Brent crude oil forecasts, with the Swiss bank citing higher supply from South America ...
Brent prices edged up by 0.65% to $70.05 a barrel. WTI futures with delivery in August added 1.24% to $68.47 per barrel. Brent futures accelerated later to $70.23 a barrel, up 0.91%.