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...Brent crude prices have fallen about 7 per cent since just before the announcement....
...Brent crude fell to $74 a barrel. West Texas Intermediate dipped below $70 a barrel. The drops on Wednesday marked a five-day losing streak for oil. And the weirdest thing about all this?...
...Brent crude futures settled slightly lower at $95.31 a barrel, while the US benchmark WTI contract dropped 1 per cent to $90.79....
...Separately, the KBW Bank index fell 1.7 per cent, continuing its slide from Tuesday after Moody’s downgraded 10 midsized US lenders on Monday night....
...Brent crude, the international benchmark, fell 1.2 per cent to trade at $78.93 a barrel. The US West Texas Intermediate fell by the same margin to $74.52....
...Brent crude, the international benchmark, fell 3.9 per cent to just less than $78 a barrel. Additional reporting by Colby Smith in Washington...
...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....
...Brent crude fell 1.2 per cent to settle at $97.93 a barrel on Friday, while West Texas Intermediate, the US marker, edged down 1.3 per cent. Brent crude has risen more than 7 per cent this month....
...Moody’s Investor Services will withdraw credit ratings on Russian entities In stock markets, Europe’s Stoxx 600 closed up 0.1 per cent....
...The US benchmark S&P 500 added 0.4 per cent and the Nasdaq Composite lost 0.1 per cent in early trading Brent crude, the international oil benchmark, declined 1.8 per cent to $116.93 a barrel Military...
...Goldman Sachs says that it expects Brent crude prices to average $135 a barrel through the rest of the year, higher than the current price of about $122 a barrel....
...Brent crude, the international oil benchmark, rose 4 per cent to $75.59 a barrel, having lost more than 10 per cent on Friday in its biggest fall since April 2020....
...That is, unless you’re Jaime Reusche at Moody’s....
...Fitch and Moody’s also joined rival S&P Global in cutting Russia’s sovereign credit rating to junk....
...Fitch and Moody’s downgraded Zhenro securities to junk status, but only at a level where default risk was low. Perhaps rating agencies should peer-review each other’s work....
...Brent crude, the international oil benchmark, however, rose 4 per cent to $75.59 a barrel, having lost more than 10 per cent on Friday in its largest fall since April 2020....
...The price of Brent crude has dropped 8 per cent from its October highs, and those of copper, zinc and platinum have also fallen since then....
...Brent crude, the international benchmark price, has mostly hovered in the mid-$60 a barrel range since mid-February, well above the break-even price needed by the oil majors....
...The price of Brent crude hit $70 yesterday as global economic recovery strengthened prospects for oil demand....
...“They don’t need to crack the code overnight,” says Brent Thill, a Jefferies analyst. “But if they can figure this out, it’s like . . . ‘look out’.”...
...“It’s extremely disruptive,” said Brent Thill, an analyst with Jefferies. “It was not unexpected when they bought PillPack. This market is a massive one....
...Brent crude, the international benchmark, traded below $25 a barrel last week at its lowest level since 2003....
...Brent crude, which has been hit recently by concerns that the outbreak will weigh on demand in China, rose 1.6 per cent on Tuesday to $54.15 a barrel....
...Based on Tuesday’s close, Brent priced at $38 a barrel will lower the cost per gallon of jet fuel for US airlines by as much as 55 cents, says Moody’s....
...Moody’s last month followed Fitch in cutting its credit rating to junk....
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