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...Photographs: Bloomberg/Getty Images/Reuters...
...To J Paul Getty, oil was a wild animal that needed capturing. He meant the physical stuff. Traders hunt a more elusive prey — an electronic version of the same commodity....
Brent crude has hit a 26-month high
...Photo: Getty...
...The Opec and Russia-led oil production cuts that started in January have sent the Brent Crude price rising above $60 a barrel for the first time in more than two years....
...Oil prices have now dropped by more than 20% since the start of this year, with Brent on course to post its worst first half since 1997 as energy stocks are hit hard....
...(Photo: Getty)...
...Brent crude is down by more than half since the mid-2014 peak. At a recent FDA commodity summit in Lausanne I asked some energy experts how quickly they believe the oil market will recover....
...Michael Mackenzie, FT markets editor, highlights what to look for in the markets on Friday, including China's 6.7 per cent GDP growth and Brent crude prices sitting just above the 200-day moving average....
...Image from Getty...
...Join the debate by commenting below Photographs: Brent Lewin/Bloomberg; Getty Images/Moment RM; Alamy; Matteo Colombo/Getty Images; Getty Images; Dennis Gilbert/Getty Images This article has been amended...
...More reading: Germany – Draghi v banks (ECB image via Getty)...
...The second edition of his book ‘Biomimicry in Architecture’ will be published later this year Photographs: Getty; Bridgeman; Wildlife GmbH/Yon Marsh; Natural History/Alamy; DavidWall/Alamy...
...Kate Allen is an FT political correspondent Photographs: Christopher Pledger; Sylvain Sonnet/Getty Images; P Singh/WMF; Ye Aung Thu/AFP/Getty Images; Brent Bergherm/Getty Images; Newsteam...
...Oil has hit a 2015 high with Brent rising above $69 a barrel, extending its rebound since January to more than 50 per cent....
...Like Ricky Gervais’ character David Brent in The Office — the branch manager so insistent about how well he gets on with his staff and how universally appreciated his sense of humour is that he cannot see...
...“The true value lies in owning a painting that the Tate or Getty museums would love to display in public, and being able to dazzle yourself and others in private.”...
...And now the oil price is falling — with Brent touching $95 a barrel. Sanctions are corrosive — especially when they discourage western banks from funding those doing business in Russia....
...There is no immediate shortage of oil, which is why the price continues to fall – down steadily over the past month to $103 per barrel for Brent....
...Let’s start with why the oil price at $114 a barrel for Brent remains so high. There is no physical shortage and demand growth worldwide is minimal. The answer lies in fear of what might happen next....
...An extra million barrels a day could push the Brent oil price below $100 a barrel. For the world’s oil importers that is excellent news....
...Getty’s chief executive and co-founder will also invest significant equity, while chairman Mark Getty and the Getty family will roll over their stakes....
...Here’s handy explainer of the military hardware engaged in operations in Libya, courtesy of the BBC. 06.43 An AWAC surveillance plane lands at RAF Akrotiri in Cyprus on Sunday morning, as captured by Getty...
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