Brent

Drilling down: Key factors that could impact oil prices this week

Tue, 11 Feb 2025 11:00:00 +0000

Drilling down: Key factors that could impact oil prices this week Lukman.Otunuga… Tue, 02/11/2025 - 13:00

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Oil benchmarks are up almost 2% this week as tighter Russian crude supply overshadowed fears around Trump’s expanding tariffs. Oil could be rocked by a cocktail of high-risk events ranging from monthly oil forecasts to US inflation data.

2025 Market Outlook: Trump’s return to dominate FX, stocks, and oil

Thu, 02 Jan 2025 09:40:09 +0000

Will Trump 2.0 push USD to multi-decade highs?

Uncertain market dynamics to drag oil to Covid-19 lows?

FXTM’s EU50 to dazzle with fresh records in 2025?

In 2025, global financial markets will arguably revolve around one dominant force: US President Donald Trump. Read More

Oil, Yen tumble after weekend turmoil

Mon, 28 Oct 2024 07:53:55 +0000

Oil, Yen tumble after weekend turmoil han.tan@FXTM CY CA Mon, 10/28/2024 - 09:53

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Discover why Brent is headed for its third 4% daily drop so far this month. Also, find out USDJPY's forecasted trading range in light of Japan's latest political uncertainties, in a week that also features the crucial Bank of Japan meeting.

Brent: Slumps on easing Middle East fears

Tue, 15 Oct 2024 12:41:04 +0000

Brent: Slumps on easing Middle East fears Lukman.Otunuga… Tue, 10/15/2024 - 15:41

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Oil benchmarks have been hammered this week, shedding over 6% thanks to potent fundamental forces. Brent is under pressure on the daily charts with prices slipping below the 21-day SMA.

Brent: Slips into Q4 on supply fears

Tue, 01 Oct 2024 10:35:56 +0000

Brent: Slips into Q4 on supply fears Lukman.Otunuga… Tue, 10/01/2024 - 13:35

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The past few months have been rough and rocky for oil benchmarks. Crude and Brent shed over 16% in Q3 due to expectations around OPEC+ bringing back production while a slowdown in China rubbed salt into the wound.

Markets rally on China stimulus cheer

Tue, 24 Sep 2024 10:27:05 +0000

Markets rally on China stimulus cheer Lukman.Otunuga… Tue, 09/24/2024 - 13:27

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China has hijacked the headlines after its central bank unleashed a wave of stimulus measures to revive economic growth.

Brent: Bulls fight back ahead of US CPI data

Wed, 11 Sep 2024 10:37:50 +0000

Brent: Bulls fight back ahead of US CPI data Lukman.Otunuga… Wed, 09/11/2024 - 13:37

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In case you missed it, oil tumbled over 4% yesterday after OPEC+ lowered global demand forecasts for this year and 2025!

Oil soars on Libyan supply halt

Mon, 26 Aug 2024 14:06:29 +0000

Brent, crude up over 3% respectively
Libya's rival government announces halt to its oil output and exports
Libya produces about 1.15 million bpd, 2-3% of OPEC+ output
Oil prices could climb to 50-day SMA on Libyan supply halt, weaker US dollar
Unwinding of this knee-jerk spike could see support around 21-day SMA

Brent and US Crude are soaring by about 3% each!

Looking at the charts, both of these oil benchmarks have now Read More

Target Thursday: Brent, EURUSD & Sugar hit targets!

Thu, 06 Jun 2024 13:15:27 +0000

Brent bears bag 350 points!

EURUSD ↑ 30 pips on ECB decision

Sugar ↑ almost 5% this week

With the ECB meeting done and dusted, the next market-moving event could be Friday’s US jobs data.

Ahead of this key economic report, here’s how these discussed instruments have Read More

Week Ahead: Brent waits on OPEC+ meeting

Fri, 31 May 2024 08:47:20 +0000

Brent ↑ 6% year-to-date

Headed for biggest monthly ↓ in 2024

OPEC+ decision, EIA data & NFP in focus

Over past year NFP triggered moves of 1% ↑ or ↓