#BRENT News

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Closing prices for crude oil, gold and other commodities

go.com Benchmark U.S. crude oil for January delivery rose $2.35 to $80.55 a barrel Wednesday. Brent crude for January delivery rose $2.40 to $85.43 a barrel. Wholesale gasoline for…

Oil Shoots Up On Huge Crude Inventory Draw

oilprice.com Crude oil prices moved further up today after the U.S. Energy Information Administration reported a crude oil inventory decline of 12.6 million barrels for the week to…

Oil prices rise as data show a third straight weekly drop in U.S. crude inventories

marketwatch.com Oil futures rose Wednesday, finding support after U.S. government data revealed that domestic crude inventories fell by nearly 13 million barrels, down for a third…

Economic headwinds set to push oil below $100 a barrel in 2023, poll shows

theglobeandmail.com Brent oil prices will hold above the $100 level for the rest of 2022 as an impending EU ban on Russian oil sparks uncertainty over supply, but will tick lower next year as…

Investment banks divided on oil prices in 2023: GS sees Brent at $110, JPM more pessimistic By Investing.com

investing.com By Alessandro Albano Investing.com - The recent performance in Brent and WTI, which returned to January lows after anti-COVID protests in China, has led various investment…

Oil prices rise by more than 2% on tighter supply while OPEC+ talks limit gains

theglobeandmail.com Oil prices rose by over 2 per cent on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will…

Goldman Sachs' Currie says oil stocks are trading 'far below' their long-term trend

cnbc.com Shares of energy companies could surprise markets and continue to rise, according to Goldman Sachs' head of commodities research, despite a recent fall in crude prices. Jeff…

Oil prices are headed to $110 a barrel in 2023, and the outlook for crude is 'very positive' despite China demand concerns and global recession fears, Goldman…

businessinsider.com FreddyTb Goldman Sachs expects crude oil to hit $110 per barrel next year, representing upside of more than 30%. The investment bank's commodities chief said the outlook for…

Russia’s Pipeline Oil Exports To China Flat So Far This Year

oilprice.com Environmentalists fear that the next… Russia’s pipeline oil exports to China via the Eastern Siberia—Pacific Ocean (ESPO) oil pipeline were flat between January and October…

Oil Prices Jump As Market Eyes Another Possible OPEC+ Cut

oilprice.com Russia’s flagship crude grade Urals… India has managed to avoid… Crude oil prices jumped on Tuesday ahead of the next OPEC+ meeting as the group dispelled earlier rumors…

Oil prices move higher on hopes China will relax COVID curbs

marketwatch.com Oil futures traded higher Tuesday, finding support on signs China might ease up on COVID-19 restrictions following a wave of protests that sent crude prices tumbling in the…

Oil prices will hover near $90 in 2023 as Russian production bounces back to pre-war levels, JPMorgan says

businessinsider.com Russia is Europe's biggest oil supplier. Getty Images Oil prices will hover around $90 per barrel in 2023 as Russia boosts its production to pre-war levels, according to…

Goldman Sachs sees 'high probability' of OPEC cut

cnbc.com OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on the next phase of production policy. -…

U.S. oil taps its lowest price of the year thanks to China as OPEC+ output decision looms

marketwatch.com U.S. benchmark oil futures touched their lowest price of 2022 on Monday, briefly erasing what had been a sizeable year-to-date gain, as China’s zero-COVID policy has wreaked…

Defying forecasts, crude oil prices have wiped out most of this year's gains and could head lower

cnbc.com Oil prices were briefly negative for the year Monday, a surprising turnaround from projections that crude could be in short supply and selling at much higher prices. - For…

Why Kinder Morgan, ExxonMobil, and Chevron Stocks Are Diving Today

fool.com What happened Oil and gas stocks cracked Monday morning as the sell-off in crude oil prices intensified. While China continues to be a major concern, fresh speculation about…

Why Occidental Petroleum, Devon Energy, and Diamondback Stocks Keep Falling

fool.com What happened Monday dawned bleak for oil stock investors as a sell-off that began early last week gained steam. As of 11:20 a.m. ET, the cost of a barrel of WTI crude oil…

Oil rebounds from 11-month low; China pessimism gives way to OPEC cuts risk By Investing.com

investing.com By Barani Krishnan Investing.com - China or OPEC+? The question came up again for oil market participants on Monday and the answer — after an 11-month low hit by crude…

US stocks fall as zero-COVID lockdown protests spread across China

businessinsider.com REUTERS/Brendan McDermid US stocks drop as zero-COVID lockdown protests spread in more cities across China. Oil prices dropped, with Brent crude, the international…

U.S. oil price erases 2022 gain as China protests stoke demand fears

marketwatch.com Oil futures fell sharply Monday, with the U.S. benchmark wiping out what remained of this year’s big gain, as protests over China’s strict COVID-19 restrictions stoked…

Oil Drops To Near 2022 Low On China Demand Concerns

forbes.com Topline Oil prices fell Monday to their lowest level in 11 months as further uncertainty in China roiled global markets, giving way to a silver lining for Americans’ wallets…

Futures Slide, Commodities Tumble On Chinese Covid Protests

zerohedge.com Futures Slide, Commodities Tumble On Chinese Covid Protests US stock futures, and the entire risk complex tumbled on Monday amid growing concerns that China's economic…

Oil prices erase 2022 gains as China's protests spark demand worries

reuters.com Summary - WTI hits lowest since Dec 2021, Brent at lowest since Jan 2022 - Clashes in Shanghai as COVID protests flare across China - Investors focus on next OPEC+ meeting…

Global oil market signals short-term weakness ahead of EU ban on Russian oil

theglobeandmail.com The global oil market is signaling a potential shift, as traders and analysts worry about reduced crude demand and an oversupplied market in the coming months. After months…

Oil Plunges to Lowest Since 2021 as China Unrest Rattles Market

yahoo.com (Bloomberg) -- Oil tumbled to the lowest level since December as a wave of unrest in China punished risk assets and clouded the outlook for energy demand, adding to the…

India, China still buying Russian oil, but they demand huge discounts

businessinsider.com India and China now account for two-thirds of seaborne Russia crude oil exports. - As major customers, they are demanding huge discounts from Russia, hitting Kremlin's war…

Oil and stocks slide as China protests hit markets

theguardian.com Brent crude, the oil benchmark, has fallen almost 3% to its lowest level since January. as China’s Covid protests fuel demand fears. Brent is trading at $81.48 per barrel,…

Stock futures trade lower on China Covid concerns after a winning holiday week

cnbc.com Stock futures fell early Monday as social unrest from China's prolonged Covid restrictions weighed on markets, sending oil prices lower — after Wall Street notched gains…

Hong Kong stocks lead losses in Asia on China unrest, oil at lowest in 2022

cnbc.com Hong Kong stocks led losses in a negative Asia-Pacific session on Monday amid unrest in China over its continued zero-Covid policy. Oil futures hovered around new 2022 lows…

The West struggling agree on a price that would actually pile pressure on the Kremlin

cnn.com Allies of Ukraine want to put a price limit on Russian oil. But there’s a problem: They can’t agree on a number that would actually pile pressure on the Kremlin. The West’s…

Black Friday Brings a Darker Outlook for Tesla

thestreet.com When Black Friday comes.... Steely Dan is dominating my mental soundtrack this morning. But, as I mentioned in my column earlier this week, I like to stay away from the…

Oil higher, but set for weekly decline as China demand worries overhang market

marketwatch.com Oil futures prices rose moderately Friday, but remained on track for a weekly decline as investors weigh prospects for Chinese demand and monitor talks over a price cap on…

Oil prices rise, but Chinese demand concerns linger

theglobeandmail.com Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude…

Global Oil Market Flashes Warnings as Demand Concerns Spike

yahoo.com (Bloomberg) -- The global oil market keeps sending up flares on the outlook for weaker demand. In the latest, a closely-watched gauge of Asian crude consumption tumbled to a…

Oil muted as price cap proposal eases supply concerns

reuters.com Summary - G7 price cap on Russian oil could be above current trading level - EIA gasoline stocks data shows higher than expected build - COVID-19 controls tighten in China…

EU Discusses $65-70 Price Cap On Russian Oil

oilprice.com The European Union is currently in discussions to cap the price of Russian oil at somewhere between $65 and $70 per barrel, an EU diplomat told Reuters on Wednesday—a cap…

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