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...Benchmark Brent crude has fallen slightly but remains close to $90 a barrel, having risen more than 6 per cent over the past month....
...Brent crude, the international benchmark, has fallen from about $120 barrel in early June to about $94 a barrel, close to the level it stood at on the eve of the invasion of Ukraine....
...However, a jump in the oil price late last week in the wake of the US-led strikes, which took Brent crude up by 4 per cent to $80.50 a barrel, underscored fears in financial markets that the US-led response...
...Marcelo Carvalho, global head of economics at BNP Paribas, said the bank expects the oil price to hover at about $100 for a barrel of Brent....
...Brent crude prices have shot almost 60 per cent higher this year after Russia’s invasion of Ukraine shook up global commodities markets....
...Additional reporting by Sam Fleming, Chris Cook and James Politi...
...Brent was trading at about £120 a barrel in June, but oil fell as western countries released emergency stockpiles into the market while traders bet the expected recession will slow oil demand....
...Brent traded at around $85 a barrel on Thursday....
...The main clearing houses are run by Nasdaq in Sweden, Ice Futures Europe in London and Amsterdam and Germany’s EEX, which host the primary markets for electricity, gas and Brent crude oil, and German power...
...Policymakers want to find energy alternatives to crude oil, where the main benchmarks such as Brent and WTI are tied to the dollar....
...Seaborne Russian Urals crude is trading around $93 a barrel compared with $120 a barrel for Brent, the international oil benchmark....
...Brent oil climbed as much as 2.5 per cent on Wednesday to a high of $107.58 a barrel after news of the EU move broke....
...Russian Urals crude is trading at about $93 a barrel, compared with $120 for Brent, the international oil benchmark....
...Brent crude, the international benchmark, has risen from about $100 a barrel at the beginning of May to $120 a barrel, with traders pointing to the looming insurance ban as a key reason for the rise....
...full embargo would place an unfair burden on countries that import Russian crude oil, which requires a different, more complex and expensive technology to refine, a process that is incompatible with the Brent...
...Urals, Russia’s main export grade, was trading at $95 a barrel on Tuesday — just short of $30 cheaper than Brent....
...Brent oil climbed as much as 2.5 per cent on Wednesday to a high of $107.58 a barrel after news of the EU proposal....
...Brent crude hit nearly $100 a barrel on Tuesday....
...Fortunes made by mill-owning families were invested in international equities, the first Dundee-based trust being the Scottish American investment trust launched by Robert Fleming in 1873, which invested...
...Here’s the FT’s Brussels bureau chief, Sam Fleming....
...Global stocks fell on Tuesday and oil prices rallied, with Brent crude rising more than 3 per cent to close in on $100 per barrel, topping a seven-year high....
...Prices of Brent crude, the international benchmark, dropped nearly 4 per cent today and WTI, the US marker, was 5 per cent lower....
...Brent was off 1 per cent at $75.45....
...Petrol prices have been climbing back towards the $3 a gallon mark in recent weeks amid a rally in crude prices that have sent both Brent and West Texas Intermediate to their highest levels since November...
...Oil prices rose on Wednesday morning, with Brent crude climbing 2.5 per cent to a three-and-a-half-year high of $76.72 a barrel....
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