Hints and tips:
...Martin Arnold Did US core inflation slow in March?...
...So one tiny kind of thing here is the likes of the Brent oil price, which is effectively the European benchmark, that hit $90 a barrel....
...As it transpired, many miners and energy companies fell back in 2023, alongside the price of Brent crude, the oil benchmark....
...Brent crude has risen only slightly this week from $77 to $78 a barrel. BP said its vessels will avoid the route....
...Brent crude jumped nearly 3 per cent on Wednesday to a 10-month high of more than $97 a barrel....
...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....
...katie.martin@ft.com...
...Brent crude rose above $90 a barrel this week, its highest level since last November....
...Futures for Brent crude, the international oil benchmark, rose as much as 4.2 per cent to $90.75 per barrel and then retreated to trade 1.1 per cent higher at $88.04....
...In oil markets, international benchmark Brent crude and US marker West Texas Intermediate each rose 1.3 per cent, to $85.49 a barrel and $81.16 a barrel, respectively....
...Meanwhile, oil prices rose, with international benchmark Brent crude adding more than 2 per cent to about $79 a barrel....
...Exchange and regulatory data suggest hedge fund positioning has exacerbated the nearly 30 per cent move higher in prices since June, with a surge in buying accelerating in the past two weeks for both Brent...
...The finance ministry in Moscow is taking steps to limit the discount exporters can claim below the higher Brent index....
...Reporting by Katie Martin and Martha Muir in London, Jaren Kerr in New York, William Langley, Cheng Leng and Primrose Riordan in Hong Kong, Leo Lewis in Tokyo and Thomas Hale in Shanghai...
...Prices for Brent crude, the international oil benchmark, fell 2.2 per cent to just over $86 a barrel....
...The latter has arguably become less important as oil prices have eased, declining from about $120 a barrel in June to $85 a barrel today for benchmark Brent....
...International benchmark Brent crude oil settled 0.5 per cent lower at $83.19 a barrel, after declining more than 3 per cent earlier in the session....
...Because at the time of writing, those who buy and sell oil for a living are pricing Brent crude at about $98 today and about $90 for December or January delivery....
...West Texas Intermediate, the US benchmark, which gained 8 per cent last week, rose above $81 a barrel this morning while Brent crude jumped to $87 a barrel....
...Brent crude prices are expected to average $77.57/barrel in 2024, a 23 per cent decrease from 2022....
...One thing to start: Martin Wolf has a damning column on the UK government’s efforts to deal with spiralling energy costs. Welcome back to another Energy Source....
...Martin Arnold...
...The FT’s Katie Martin puts it in perspective....
...He’s played by Tyler James Williams, who surely owes Martin Freeman some royalties for his frequent bewildered looks to camera....
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