All publications by tag «BRENT»
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2017, April, 12, 18:50:00
OIL PRICES FORECAST: $54 - $57
North Sea Brent crude oil spot prices averaged $52 per barrel (b) in March, $3/b lower than the February average. EIA forecasts Brent prices to average $54/b in 2017 and $57/b in 2018. West Texas Intermediate (WTI) crude oil prices are forecast to average $2/b less than Brent prices in both 2017 and 2018.
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2017, April, 10, 19:05:00
OIL PRICES: ABOVE $55
West Texas Intermediate for May delivery rose as much as 38 cents to $52.62 a barrel on the New York Mercantile Exchange and was at $52.38 at 12:21 p.m. in Hong Kong, on course for its highest close since March 7. Total volume traded was about 2 percent above the 100-day average. The contract gained 54 cents to $52.24 on Friday.
Brent for June settlement climbed as much as 28 cents, or 0.5 percent, to $55.52 a barrel on the London-based ICE Futures Europe exchange. Prices increased 35 cents to $55.24 on Friday. The global benchmark crude was at a premium of $2.55 to June WTI.
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2017, April, 6, 19:05:00
OIL PRICES: ABOVE $54 AGAIN
Brent crude futures were at $54.20 per barrel at 0708 GMT, down 16 cents, or 0.28 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were down 18 cents, or 0.35 percent, at $50.97 a barrel.
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2017, April, 5, 18:50:00
OIL PRICES: ABOVE $54
Brent crude futures, the international benchmark for oil, were at $54.52 per barrel at 0658 GMT, up 35 cents, or 0.65 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude futures were up 33 cents, or 0.65 percent, at $51.35 a barrel.
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2017, April, 3, 19:15:00
OIL PRICES: ABOVE $53
International benchmark Brent futures rose 3 cents, or 0.1 percent, to $53.56 a barrel by 0658 GMT. The March contract closed the previous session down 13 cents at $52.83 a barrel.
U.S. West Texas Intermediate crude futures climbed 10 cents, or 0.2 percent, to $50.70 a barrel after settling 25 cents higher in the previous session.
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2017, April, 3, 19:00:00
MAY OIL PRICES: ABOVE $50
The light, sweet crude oil contract for May settled above $50/bbl on the New York market Mar. 30 while the May Brent contract settled above $52.90/bbl in London. Prices edged lower on both markets on Mar. 31.
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2017, March, 31, 19:05:00
OIL PRICES: NOW ABOVE $52
Brent crude futures LCOc1, the international benchmark for oil, were at $52.70 per barrel at 0513 GMT, down 26 cents from their last close.
In the United States, West Texas Intermediate (WTI) crude futures CLc1 were down 18 cents at $50.17 a barrel.
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2017, March, 29, 19:10:00
OIL PRICES: NOW ABOVE $51
Front-month Brent crude futures, the international benchmark for oil, rose 29 cents, or 0.6 percent, to $51.62 per barrel by 0653 GMT.
In the United States, West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.7 percent, at $48.71 a barrel.
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2017, March, 27, 19:10:00
OIL PRICES: OVER $50 ANEW
Benchmark Brent crude futures fell by 33 cents, or 0.65 percent, from their last close to $50.47 per barrel by 0653 GMT.
In the United States, West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.85 percent, at $47.56 a barrel.
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2017, March, 27, 18:50:00
OIL PRICES: ABOUT $55
Barclays Commodities Research said its analysts still believe oil prices could rise to $60/bbl in the second quarter assuming inventory draws and the OPEC production cut remains in place.
“However, this would likely be temporary, and we forecast prices in the mid $50s/bbl in the second half 2017,” Barclays said.