Page 8 - Brent Crude Oil

Oil market's reliance on China shows narrowing options

Platts Analytics sees oil prices struggling to go beyond the mid-$40s/bbl mark by the end of calendar year 2020 (CY20) before creeping up to $50/b by end-2021

Brent crude tumbles below $40 in wake of faltering demand outlook

A stall in Asia's recovery, the end of the US summer driving season and increased supply from the OPEC+ alliance signal a bleak short-term outlook for oil prices

Oil falls 1% on lacklustre demand, set for biggest weekly drop since June

Brent crude fell 44 cents to $43.63 a barrel by 0325 GMT, while U.S. West Texas Intermediate was at $40.94 a barrel, down 43 cents and set for its first weekly drop in five weeks.

Brent crude oil prices climb on US output cuts, China trade deal hopes

Brent crude oil futures added 10 cents, or 0.2%, to $45.96 a barrel by 0642 GMT

Oil prices climb over China's plans to ship in large volumes of US crude

Brent crude rose 21 cents, or 0.5 per cent, to $45.01 a barrel by 0023 GMT while US West Texas Intermediate crude was up 27 cents, or 0.6 per cent, to $42.28 a barrel

Oil set for fragile recovery as economies limp towards normalcy: Survey

The poll projected global demand to contract by between 7.2 and 8.5 million barrels per day (bpd) this year, versus last month's 6.5-8.7 million bpd prediction

Oil prices fall after OPEC raises crude output as US Covid-19 cases surge

Both benchmarks rose 2% on Wednesday following a sharp drawdown in US crude inventories

Oil slips in Asian market as traders eye easing in supply cut at OPEC meet

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while US West Texas Intermediate crude was at $40.27 a barrel, down 28 cents

Oil falls below $43 a bbl on Covid-19 surge but headed for a weekly gain

OPEC oil production fell to its lowest in decades in June and Russian production dropped to near its OPEC+ target

Crude oil can hit $50/bbl in 2021; gas demand to pick up in India: Analysts

Currently, Brent prices are hovering around the $42/barrel mark

Oil price settles lower on rise in new coronavirus cases in US and China

The global economic outlook has also worsened or at best stayed about the same in the past month

Oil slips below $40 a barrel on record US crude inventories, Covid-19 fears

Investors are waiting to see if the producers, known as OPEC+, extend their record cut beyond July

Oil slides below $41 a barrel as US inventory rise revives glut worries

Crude stocks rose by 5.7 million barrels in the week to June 5 to 538.1 million barrels, according to a report from the USEnergy Information Administration.

Brent is likely to find support in June in the range of $35-40/barrel

The speed at which the oil market rebounded to $40 per barrel has certainly grabbed attention, but it needs to walk before it can run

Brent hits 1-month high, US crude tops $31 on output cuts, easing curbs

US West Texas Intermediate (WTI) crude was up $2.46 or 8.4% at $31.89 per barrel, its highest since mid-March

Crude oil prices surge as demand shows signs of recovery from Covid-19

US crude up 19.7% in the week, Brent adds 5.2 per% after a week of bullish news. Both contracts gain for third straight week

Crude oil may struggle to top $40/barrel mark despite a glimmer of optimism

S&P Global Platts Analytics estimates gasoline demand destruction in the broader Asian region, excluding China, probably peaked in April, with a year-on-year decline of 17% or 700,000 barrels per day

State refiners fill up India's strategic reserves with spare crude oil

Buying more crude to fill strategic capacity will benefit India as international crude oil prices are falling

Religare, other brokers follow Motilal Oswal, sue MCX over crude oil issue

Cases filed in high courts of plaintiffs' jurisdiction, exchange files caveat pledging opportunity for hearing

Oil firms float finished fuel products on Arabian Sea as demand slumps

They're running out of storage space on land and their refineries are running only at 50% of capacity; US Oil futures touch an unprecedented negative pricing