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Oil prices saw further gains this week as tensions in the Middle East escalated, propelling WTI crude to around US$87 a barrel, while the global benchmark, Brent, approached US$91, nearing its highest level since October.
Apr 4, 2024 · Brent crude climbed above US$90 a barrel for the first time since October as the conflict in the Middle East showed signs of escalating. The global benchmark spiked as much as 2.2 per cent after Israeli Prime Minister Benjamin Netanyahu said at a security cabinet meeting that his country will operate against Iran and its proxies and will hurt ...
Jun 2, 2022 · Brent’s prompt timespread was $2.60 a barrel in backwardation -- a bullish pattern where near term prices are higher than those further out -- compared with $2.73 at the close on Wednesday....
- Julia Fanzeres
- 7 min
Dec 21, 2021 · Brent for February settlement rose $1.31 to settle at $75.29, highest in two weeks. Other oil-market news: More than 23 million barrels of certain crude options traded since Dec. 10, suggesting...
Dec 22, 2021 · Oil settled above $73 a barrel for the first time in four weeks as signs that the omicron Covid-19 variant may be less severe than previous strains eased concerns about a demand hit.
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