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Sep 26, 2023 · JPMorgan economists said late last week that if supply cuts continue, the price of Brent crude could jump to as high as $120 per barrel. But they expect crude prices will drop back to $86 per...
- 6 min
- Ines Ferré
Mar 18, 2024 · Brent and WTI are the two most widely used benchmarks for crude oil prices worldwide and in the US. They tend to rise and fall together about 90% of the time because the same supply and demand factors drive them. Brent represents the global weighted average cost, while WTI reflects these international signals domestically.
Apr 3, 2023 · The cut to production comes amid heightened uncertainty over the outlook for global oil demand after the US publicly held off on new crude purchases to replenish its strategic stockpile — despite...
Sep 15, 2023 · How high can prices go? International benchmark Brent crude hit $94.55 a barrel on Monday, up more than 25 per cent since June.
- Jamie Smyth
Nov 23, 2021 · Global benchmark Brent crude BRN00, +0.33% BRNF22 surged $2.61, or 3.3%, to $82.31 a barrel. But there’s more to the bounce than traders simply fading a piece of long-anticipated news, analysts...
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Feb 22, 2024 · Justin Sullivan | CNBC. Crude oil futures rose Thursday amid signs of a tightening global market and as the geopolitical outlook in the Middle East remains uncertain. The West Texas...
