Hints and tips:
...Brent, the international benchmark, fell around 4 per cent to $62 a barrel, while US marker West Texas Intermediate slipped by about the same margin to $58.77....
...Marvin Loh, senior global markets strategist at State Street Global Markets, said the volatility should serve as a reminder that the world is in the middle of a global pandemic....
...The international benchmark Brent rose roughly 5 per cent to $26.57 a barrel, while US marker West Texas Intermediate climbed about the same to $19.80....
...Elsewhere this week, Brent oil reached a two-month high of $79.72 a barrel before retreating to stand lower over the five-day period....
...Marvin Loh, a strategist at BNY Mellon, said the data continued to support the Federal Reserve’s base case that gradual rate rises remain appropriate....
...Oil prices fell sharply with Brent on course for its lowest close in more than two weeks....
...“While the worst fears on inflation did not materialise, prices are nonetheless firming in line with Fed expectations,” said Marvin Loh, senior global strategist at BNY Mellon....
...Oil prices once again took their cue from equity markets with Brent hitting its highest intraday level for more than two weeks....
...Brent was down 1.9 per cent to $64.24 a barrel. Gold was barely changed at $1,318 an ounce....
...Brent oil settled at $68.58 a barrel, down 1.5 per cent on the day and 2.8 per cent lower for the week....
...Brent settled at $64.36 a barrel, up 2.6 per cent, but still down nearly 10 per cent from a three-year high above $71 hit in late January....
...Brent settled 0.5 per cent higher at $47.74 a barrel....
...While year-on-year changes often dominate discussion of inflation, Grace Ng, Marvin Chen and Haibin Zhu at JPMorgan drew attention the implications of continued month-on-month growth in producer prices:...
...Since November last year, when the Opec cartel opened the taps to fight for a bigger share of the market, Brent crude oil has fallen more than 40 per cent....
...Oil is a cyclical business, and there is a general consensus in the industry that current prices of about $34 per barrel for internationally traded Brent crude are unsustainably low....
...Pharrell speaks out about Blurred Lines ruling The singer warned that creative industries are at risk of a wave of copycat litigation after a jury ruled that “Blurred Lines” infringed on the copyright of Marvin...
...New projects in Canada’s oil sands need an average Brent crude price of more than $100 per barrel to break even, according to Rystad Energy, a consultancy — well above levels eyed by forecasters and futures...
...“The three are Marvin Odum, who heads Shell’s exploration and production – or upstream – division in the Americas; Andy Brown, who runs all other upstream operations; and Simon Henry, the group’s chief financial...
...Marvin Romanow, Nexen chief executive, recently told investors that he anticipated “strong production” from Buzzard in future....
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