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US Brent Oil
(NY:
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)
29.00
+0.04 (+0.14%)
Official Closing Price
Updated: 5:00 PM EST, Nov 29, 2024
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The Commodities Feed: Oil Demand Risks Linger
December 07, 2023
Weak Chinese oil import data has added fresh concerns for the oil market. The EIA report also failed to provide support as a significant rise in the refined product inventories clouded the expectations...
Via
Talk Markets
Financial Markets Report For Wednesday, December 6
December 06, 2023
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, December 6.
Via
Talk Markets
WTI Plunges Below $70.00 In Upbeat U.S. Inventory Report, China’s Economy Concerns
December 06, 2023
WTI slides more than 3% after a rise in US gasoline stockpiles.
Via
Talk Markets
Topics
Economy
Energy
Exposures
Economy
Fossil Fuels
America's Energy Boom: U.S. Crude Exports Soar To Record High
December 06, 2023
Not only is America producing more crude, it is exporting a larger share of the crude it produces, further boosting volumes aboard tankers bound for Europe and Asia.
Via
Talk Markets
Oil Prices Drop As Increased US Supply Offsets OPEC+ Cuts
December 06, 2023
Oil prices failed to capitalize on recent production cuts as the market prices in unprecedented US exports.
Via
Talk Markets
Nasdaq 100 Forecast: Stocks Rise As Weaker Jobs Data Supports A Dovish Pivot
December 06, 2023
U.S. stocks are heading higher after weaker-than-expected ADP payrolls add to evidence of a cooling labor market.
Via
Talk Markets
The Commodities Feed: Oil Under Pressure, Again
December 06, 2023
Saudi Arabia reduced its official selling price for most of the buyers for January deliveries due to subdued oil demand and softer oil prices.
Via
Talk Markets
WTI Remains On The Defensive Above $72.30 Amid Concern About OPEC+ Cut, China’s Oil Demand
December 06, 2023
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.30 on Wednesday. The pessimistic economic outlook in China might cap the WTI’s upside as China is the world's largest...
Via
Talk Markets
Exposures
Fossil Fuels
These Companies Helped The German DAX Index Hit Its All-time High
December 06, 2023
The DAX 40 index surged to its all-time high on Tuesday, continuing the remarkable rally that started on October 23rd. The index, which tracks the 40 biggest companies in Germany, soared to a high of...
Via
Talk Markets
Financial Markets Report For Tuesday, December 5
December 06, 2023
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 5.
Via
Talk Markets
Oil Should See At Least 3 Waves Rally Soon
December 05, 2023
Cycle from 9.28.2023 high in Oil is in progress as a 5 waves impulse Elliott Wave structure. Down from 9.28.2023 high, wave 1 ended at 81.50 and rally in wave 2 ended at 90.78.
Via
Talk Markets
WTI Extends Losses To 5-Month Lows After API Reports Huge Crude Build At Cushing
December 05, 2023
Oil prices fell for the fourth straight day to close at five-month lows today.
Via
Talk Markets
Nasdaq 100 Forecast: Stocks Slip For A Second Day With Jobs Data In Focus
December 05, 2023
Stocks are heading for a second day of losses as investors look ahead to data releases ahead of Friday's key non-farm payroll and next week's FOMC meeting.
Via
Talk Markets
The Commodities Feed: OPEC+ Cuts
December 05, 2023
Oil prices are little changed this morning despite pledged cuts from OPEC+.
Via
Talk Markets
Brent "Does Not Believe" OPEC+
December 04, 2023
Despite OPEC+ decisions at the November meeting, oil prices are falling. The issue is that the actual parameters of OPEC+ quotas turned out to be lower than investors expected.
Via
Talk Markets
Futures Drop As Torrid November Rally Fizzles Ahead Of Jobs Data Deluge; China Stocks Hit Five Year Low
December 04, 2023
In premarket trading, Spotify shares rose 1.7% after the company said it will reduce headcount by about 17%, at least the third time this year the streaming service has cut jobs.
Via
Talk Markets
Crude Oil Forecast: Looks Rangebound
December 04, 2023
The volatility of crude oil markets in recent days has left investors grappling with uncertainty, as the commodity searches for a way out of a major consolidation zone.
Via
Talk Markets
Exposures
Fossil Fuels
S&P 500 Forecast: SPX Looks To Data For Policy Clues As Blackout Period Kicks In
December 04, 2023
U.S. Stocks are pointing to a lower start on Monday amid a cautious start to the week and after strong gains across November.
Via
Talk Markets
Topics
Stocks
Exposures
US Equities
Oil Falls Below $73.00, Natural Gas Tests The $2.50 Level
December 04, 2023
During the Asian trading session, oil prices continued to slide below the $75.00 level and the price of natural gas continued its retreat to a new low this week.
Via
Talk Markets
Topics
Energy
Exposures
Fossil Fuels
The Commodities Feed: Gold Hits Record Highs
December 04, 2023
Gold prices jumped above US$2,100/oz, surpassing their previous highs made in August 2020 on growing expectations for US rate cuts next year.
Via
Talk Markets
BoC Has Peaked On Interest Rates. ECB May Cut The Rate As Early As Spring 2024
December 04, 2023
At Friday's close, the Dow Jones Index (US30) was up by 0.82% (+2.46% for the week), while the S&P 500 Index (US500) was up by 0.59% (+0.87% for the week).
Via
Talk Markets
Topics
Stocks
Exposures
US Equities
Crude Oil: Weekly Forecast December 3-9
December 03, 2023
WTI Crude Oil finished near the 74.350 USD price per barrel on Friday. The commodity was trading near a high of around 79.560 momentarily on Thursday, as highs from the 14th of November were flirted...
Via
Talk Markets
Exposures
Fossil Fuels
Financial Markets Report For Friday, December 1
December 02, 2023
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Friday, December 1.
Via
Talk Markets
Crude Oil Heading Back Down Once Again
December 01, 2023
Crude Oil rises, then tumbles again in frothy energy markets.
Via
Talk Markets
Exposures
Fossil Fuels
Nasdaq 100 Forecast: Stocks Look Cautiously To Fed Chair Powell's Appearance
December 01, 2023
US stocks are set for a quiet open as investors look cautiously ahead to an appearance by Federal Reserve Chair Jerome Powell later today.
Via
Talk Markets
Topics
Economy
Exposures
Interest Rates
Crude Oil Forecast: Markets Continues To Look To Upside
December 01, 2023
For OPEC, the challenge lies in achieving a delicate balance—striving to sell crude oil while maintaining a reasonable price point to meet their budgetary needs.
Via
Talk Markets
Exposures
Fossil Fuels
BRN Is Trying To Stabilize Above $80/Bbl
December 01, 2023
Brent crude oil is trying to stabilize above the $80/bbl psychological level following the confusion sparked by the OPEC+ meeting on Wednesday.
Via
Talk Markets
Exposures
Fossil Fuels
WTI Recovers Ground Toward $76.00 As US Dollar Faces Challenges, US Yields Weaken
December 01, 2023
WTI price experiences upward support on the subdued Greenback. Crude oil prices faced pressure on softer output cuts. OPEC+ decided to reduce a total of 2.2 million bpd for the first quarter of 2024.
Via
Talk Markets
Exposures
Fossil Fuels
There Is Still Disagreement On Production Quotas Within OPEC+. Inflationary Pressures Are Easing In The Eurozone
December 01, 2023
In addition, the October core PCE deflator, the Fed's preferred measure of inflation, declined to 3.5% y/y from 3.7% y/y in September, which matched expectations and was the slowest rate of increase in...
Via
Talk Markets
Topics
Economy
Exposures
Interest Rates
Financial Markets Report For Thursday, November 30
December 01, 2023
In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, November 30.
Via
Talk Markets
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