Brent Crude - Oil Slides Below $70 A Barrel, First Time Since December 2021
Brent crude oil prices dropped below $70 a barrel, the lowest since December 2021. OPEC+ downgraded 2024 oil demand growth forecasts, primarily due to weakness and concern around China. Technical analysis suggests potential further decline in oil prices.
WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $95.52 on Sep. 27, 2023. That’s 30.40% higher than the current futures price. Brent futures ...
The Brent crude oil price plunged last week, by roughly 8% to levels last seen in May 2023. Growing concerns about ...
Morgan Stanley on Monday cut its Brent crude oil forecasts for coming quarters and said the global oil market is facing a ...
The Nymex October West Texas Intermediate contract was up $2 to $69.25/bbl. The October WTI contract settled Tuesday at $65.75, the lowest finish since December 2021. November WTI futures were up by ...
Major commodity traders Trafigura Group and Gunvor Group Ltd. have painted a bleak picture on the outlook for the oil market, ...
In a recent forecast, JP Morgan has projected that the OPEC+ alliance is likely to maintain its current oil production levels ...
Oil futures on Friday lost about 8% for the week, with concerns about demand pulling global benchmark Brent crude down to its lowest settlement price since December 2021.
Oil pared gains on Friday after data showed U.S. employment increased less than expected in August, and was on track for a ...
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