BZMAIN Brent Last Day Financial Futures(AUG4)
- 79.70
- -0.17-0.21%
Brent Last Day Financial Futures(AUG4) News
USA's oil & gas production is showing a stable trend and is expected to continue the current trend in the future.
Since mid-2022, due to the sharp drop in oil prices, drilling rigs and completion personnel have been idle for a long time. Now, the production of oil & gas in the USA is finally showing signs of stability.
UBS: The fall in international oil prices is only temporary, and prices will rise again in the next few months.
JPMorgan analysts believe that the recent decline in international oil prices is only temporary, and oil prices will rise again in the coming months as demand increases.
Oil Set for Weekly Loss After OPEC+ Supply Plan Rattles Market
An unexpected plan by OPEC+ to return some supply this year has put oil on track for a weekly decline, prompting some members of the alliance to reassure the market they are committed to stability.
Crude Oil Extends Recovery, WTI Tests $75.50
WTI continues to recover ground as rate cut hopes bolster appetite.
Crude oil product closes with a sharp rise in oil prices following the announcement of the European Central Bank's interest rate cut and OPEC's reiteration of the possibility of changes in production levels.
On Thursday, June 6th, the European Central Bank followed the Bank of Canada's lead and announced a rate cut, sparking hopes that the Fed will follow suit. Meanwhile, OPEC+ assured investors that the latest oil production agreement may change according to market conditions, and oil prices closed up 2%.
Saudi warns OPEC+: production adjustments can be reversed, oil prices soar again.
Due to the warning from the Saudi energy minister that the production changes in the OPEC+ plan can be revoked, oil prices have risen.
OPEC+ ministers all refute the bearish theory: the market will soon see the reality!
Saudi Arabia's energy minister, who likes to raid short, said: The market will soon realize that OPEC+ has done the "right thing"!
Continuing to ignore the price limit, Russia's oil revenue in May increased by nearly 50% year-on-year!
However, Russia also acknowledges that the surge in oil prices has ended and has lowered its annual revenue expectations for oil & gas this year.
Is the oil market under the shadow of OPEC+ for the next two years? Deutsche Bank slashes oil price forecast.
Deutsche Bank pointed out that the uncertainty caused by OPEC+ is unprecedented since the epidemic, but in the short term, the oil market's sell-off has been excessive, and tactical long positions still have opportunities.
Crude oil analysis at noon: Brent crude oil rose in the Asian market, and the demand for crude oil products in China may increase.
The rebound of refining profits indicates that China's destocking action may be coming to an end, which may lead to an increase in demand for crude oil product.
Technical analysis report for June 6th: gold, crude oil, and soybeans on CBOT futures.
This article summarizes the latest views from analysts at Economies.com, including spot gold, WTI crude oil, CBOT soybeans and other commodities.
Oil Extends Advance on Technical Support After OPEC+ Selloff
Oil clawed back some losses for a second session with technical support after OPEC+’s plan to return barrels to the market sparked a selloff at the start of the week.
Crude Oil Attempts to Shrug off Supplies Buildup, WTI Claws Back to $74
Crude Oil markets are struggling to recover from sharp declines.
Did falling oil prices make the US stock market rejoice?
A drop in oil prices is often seen as a signal of economic recession, but analysts believe that the current situation is not the case and is bullish for the stock market.
Technical analysis report for June 5th: Spot gold, crude oil, and cbot soybeans.
This article summarizes the latest views from analysts at Economies.com, including spot gold, WTI crude oil, CBOT soybeans and other commodities.
Oil prices have plummeted! Did OPEC inadvertently help Biden out?
President Biden may have just received timely election assistance from a place he originally couldn't reach. At the ministerial meeting of OPEC+ on Sunday, the original production reduction policy was slightly relaxed, which may help to curb gasoline prices before the end of the year, thereby helping to ease the dissatisfaction of American voters with rising oil prices.
Algorithmic funds are aggressively selling crude oil, and CTA has turned net short!
After the oil price fell below a crucial level, there was a large amount of ask orders in CTA, exacerbating the downward trend of the oil price.
Crude Oil Extends Declines as Markets Balk at OPEC+ Plans to End Production Cuts
WTI falls below $74.00 per barrel on increased oversupply concerns.
A major signal of Russia's production cut? Crude oil exports hit the lowest level since mid-February.
In the past month, Russia's daily crude oil export shipment volume has decreased by approximately 400,000 barrels.
OPEC+ dealt a heavy blow to the bullish market! Pessimism continues to ferment in the oil market.
Despite OPEC+'s claim to adjust production policies according to market conditions, analysts believe that the organization has already been struggling to maintain low production levels, and the fundamentals of the oil market may further deteriorate by 2025.