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Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management  Emkay Wealth Management Ltd, the wealth management arm of Emkay Global Financial Services has released a press note on crude oil price movement. According to Emkay Wealth Management Brent crude will continue to trade in a broad range of 75-80/bbl. Crude prices are weak as fundamental factors do not support higher oil prices, there has not been any major attacks on the oilfields in Iran, OPEC, International Energy Agency (IEA), and the US EIA data indicate an oversupply of oil in the com...
Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management
Brent to continue trading in a broad range of $75-80/bbl: Emkay Wealth Management
Source: Emkay Wealth Management
2024-11-04 03:53:07 pm
Brent rises on Middle East war jitters, while WTI dips ahead of inventories report Brent crude futures edged up in early trade on Thursday as Israeli tanks advanced into Gaza, while U.S. crude futures dipped on the prospect of swelling oil inventories. Brent crude futures for August delivery rose 8 cents to $85.15 a barrel by 0008 GMT. U.S. West Texas Intermediate crude for June was down 27 cents, or 0.3%, to $81.30 per barrel. A U.S. federal holiday, Juneteenth, kept trading activity subdued. Israeli troops, backed by tanks, warplanes and drones, moved farther int...
Brent rises on Middle East war jitters, while WTI dips ahead of inventories report
Brent rises on Middle East war jitters, while WTI dips ahead of inventories report
Source: Reuters
2024-06-20 08:55:38 am
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management Emkay Wealth Management, in its latest Navigator report, analyzes the current state of Brent oil prices, highlighting their recent range-bound nature, occasionally influenced by geopolitical tensions. Despite brief upticks due to conflicts like the Israel-Iran escalation, stability has returned with the conclusion of operations. Factors Influencing Price Trends The report emphasizes the uninterrupted oil supply amidst challenges, with subdued prices expected as long as demand remai...
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management
Brent Oil Prices Navigate Geopolitical Tensions: Emkay Wealth Management
Source: PR Agency
2024-05-22 12:38:40 pm
Oil prices edge lower on rising US stockpiles Oil prices fell in early Asian trading hours on Wednesday after market sources said that data from the American Petroleum Institute showed an increase in U.S. crude and fuel stockpiles, an indicator of weak demand. Brent crude oil futures fell 21 cents, or 0.3%, to $82.95 a barrel by 0020 GMT. U.S. West Texas Intermediate crude futures fell 13 cents, or 0.2%, to $78.25 a barrel. U.S. crude stocks rose by 509,000 barrels in the week ended May 3, market sources said citing American Petrol...
Oil prices edge lower on rising US stockpiles
Oil prices edge lower on rising US stockpiles
Source: Reuters
2024-05-08 10:02:32 am
Oil prices rise as US official eases market concerns over economic headwinds Oil prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary's comments that the country's economy is likely in a stronger position than indicated by weak first-quarter data, coupled with supply concerns as conflict continues in the Middle East. Brent crude futures gained 34 cents, or 0.38%, to $89.35 a barrel at 1211 GMT, and U.S. West Texas Intermediate crude futures rose by 33 cents, or 0.39%, to $83.90 a barrel. Treasury Secretary Janet Yell...
Oil prices rise as US official eases market concerns over economic headwinds
Oil prices rise as US official eases market concerns over economic headwinds
Source: Reuters
2024-04-26 08:53:01 am
Brent settles above $90 for first time since October on geopolitical tension Oil prices extended gains on Thursday, settling up more than $1 as geopolitical tensions and output cuts outweighed caution about U.S. Federal Reserve rate cuts. Brent futures for June rose above $91 a barrel before settling up $1.30, or 1.5%, to $90.65. U.S. West Texas Intermediate (WTI) futures for May settled up $1.16, or 1.4% to $86.59 a barrel. Both contracts closed on Thursday at their highest levels since October and continued to climb after the session ended, having received sup...
Brent settles above $90 for first time since October on geopolitical tension
Brent settles above $90 for first time since October on geopolitical tension
Source: Reuters
2024-04-05 08:58:52 am
Oil prices rise on big draw in US crude stocks, China stimulus hopes Oil prices rose on Thursday after data showed U.S. crude stockpiles fell more than expected last week, while the Chinese central bank's cut in banks' reserve ratio reinforced hopes of more stimulus measures and economic recovery. The March contract for Brent crude gained 20 cents, 0.3%, to $80.24 a barrel as at 0128 GMT. U.S. West Texas Intermediate crude climbed 22 cents, or 0.3%, to $75.31 a barrel. "A significant drop in the U.S. oil inventories and expectations of China...
Oil prices rise on big draw in US crude stocks, China stimulus hopes
Oil prices rise on big draw in US crude stocks, China stimulus hopes
Source: Reuters
2024-01-25 09:04:16 am
Oil prices rise more than 2% after US, Britain strikes in Yemen Oil prices rose more than 2% on Friday as the United States and Britain carried out strikes against Houthi military targets in Yemen in retaliation for attacks by the Iran-backed group on shipping in the Red Sea starting from late last year. Brent crude futures were up $1.81, or 2.3%, at $79.22 a barrel, while U.S. West Texas Intermediate crude futures were trading $1.80, or 2.5% higher, at $73.82 at 0154 GMT. The U.S. and British strikes are one of the most dramatic demonstrations to d...
Oil prices rise more than 2% after US, Britain strikes in Yemen
Oil prices rise more than 2% after US, Britain strikes in Yemen
Source: Reuters
2024-01-12 09:04:00 am
Oil prices to end year 10% down, traders expect a better 2024 Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and global measures to rein in inflation triggered wild fluctuations in prices. Brent crude futures were up 48 cents, or 0.6%, at $77.63 a barrel at 0523 GMT on Friday, the last trading day of 2023, while the U.S. West Texas Intermediate (WTI) crude futures were trading 37 cents, or 0.5% higher, at $72.14. On Friday, oil prices stabilised after falling 3% t...
Oil prices to end year 10% down, traders expect a better 2024
Oil prices to end year 10% down, traders expect a better 2024
Source: Reuters
2023-12-29 09:10:10 am
Brent near $80 as US output hits record  Oil prices steadied on Thursday, with Brent trading near $80 a barrel as higher inventories and record output in the United States overshadowed jitters over global trade disruptions in the Red Sea. Brent crude futures rose 13 cents, or 0.1%, to $79.80 a barrel by 0914 GMT, while U.S. West Texas Intermediate crude was 4 cents higher at $74.26. "Oil concerns itself with the state of U.S. production this morning and enters the day less buoyant than that of late," PVM Oil an...
Brent near $80 as US output hits record
Brent near $80 as US output hits record
Source: Reuters
2023-12-21 05:13:38 pm
Oil prices rise on concerns over tightening supply Oil prices rose in early trade on Wednesday, hovering near 10-month highs hit the previous day, as a bigger-than-expected draw in U.S. oil stockpiles and weak U.S. shale output reinforced fears of tight crude supply for the rest of 2023.Global benchmark Brent crude futures climbed 6 cents, or 0.1%, to $94.40 a barrel by 0034 GMT, staying near the highest since November of $95.96 hit on Tuesday.U.S. West Texas Intermediate crude futures rose 29 cents, or 0.3%, to $91.49 a barrel, not too far f...
Oil prices rise on concerns over tightening supply
Oil prices rise on concerns over tightening supply
Source: Reuters
2023-09-20 09:05:59am