Hints and tips:
...Brent crude, the international benchmark, breached $85 for the first time since early November, rising 1.3 per cent to $85.15. That brings its rise so far this year to 11 per cent....
...His speech “took the sting out of the war premium”, Hansen said....
...“That was the trigger,” Hansen said. “Suddenly everyone realised the market was set to keep going higher in the short term.”...
...“Prices could easily get a lot worse [higher] before we find some stabilisation,” said Ole Hansen, head of commodity strategy at Saxo Bank....
...International benchmark Brent crude climbed as high as $97.06 a barrel, its highest intraday level since November 2022, before paring that gain slightly to settle at $96.55....
...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...
...Brent crude, the international benchmark, was down 0.4 per cent at $71.34 a barrel on Wednesday afternoon in London....
...After a dramatic recovery, Brent crude on Tuesday briefly crossed $66 a barrel, the level at which it started a tumultuous 2020....
...Brent crude moved close to $70 per barrel (bbl) in March, and has settled at around $65/bbl. BP’s strongest division in the quarter was “gas and low carbon energy”....
...In commodities, crude oil prices soared, with Brent crude settling 7.5 per cent higher at $42.40 a barrel....
...Oil prices are stalling after an extended run with Brent unable to stay above $40 a barrel....
...With Brent crude near $53 a barrel, the crude benchmark remains well adrift of its January closing peak of $69.02....
...Brent crude oil, the global benchmark, was up 2.5 per cent to $62.01 a barrel, partially recovered from a sharp fall the day before....
...Ole Hansen at Saxo Bank said prices were grinding higher, however, as fears of an economic slowdown had not yet been realised....
...Artist Brent Wadden describes his large-scale, geometric abstracts as “paintings” despite handweaving with pre-used yarns, cottons and wool....
...“Saudi Arabia and Russia’s recent signal that production cuts could be eased helped sent crude oil sharply lower during [last] week,” said Ole Hansen, head of commodity strategy at Saxo Bank....
...Brent crude rebounded $1.21, or 1.7 per cent, on Thursday to $74.61 a barrel....
...“During the quiet and shortened trading week up until December 26, hedge funds continued to buy into the price strength,” Mr Hansen said....
...A full disruption of such a magnitude would immediately drive the Brent crude oil price above the $100/bl mark.”...
...Chr Hansen of Denmark was under pressure after results showed adverse currency movements holding back margins at its food cultures and enzymes business....
...“Washington, acting with the blessing of Saudi Arabia, looks increasingly likely to reintroduce sanctions against Iran, something that could hurt its ability to produce and export crude oil,” said Ole Hansen...
...“The correction seen during the past couple of weeks was driven by the stock market rout and an oil market that had run out of price-supportive news,” said Ole Hansen, head of commodity strategy at Saxo...
...Brent crude oil, the international benchmark, rose as much as 1.7 per cent to $58.13 a barrel, its highest level this month....
...“The way the market has been behaving this week gives credit to the view that the market is nervous near $60 and could be close to a peak,” says Ole Hansen at Saxo Bank....
...“The International Energy Agency in its oil market report saw a healthy outlook for global demand growth for both 2017 and 2018,” noted Ole Hansen, head of commodity strategy at Saxo Bank....
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