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...It is now not uncommon to hear analysts predicting an oil price of above $100, and Bank of America said Brent could peak at $95 during the summer....
...Brent rose more than 2 per cent last week to close above $83 a barrel on Friday, while WTI closed just under $80 a barrel, a rise of more than 4 per cent....
...Brent, the global benchmark, was down 0.3 per cent while WTI, the US equivalent, fell 0.8 per cent....
...“As a result of this complex bribery scheme, Gunvor obtained hundreds of millions of dollars in illicit profits,” said the DoJ’s Brent Wible....
...The sector remains “one of the cheapest and most under-owned areas of the market”, strategists led by Michael Wilson wrote....
...In response, Brent crude, the international benchmark, rose 1.8 per cent, while European gas prices closed up 6.8 per cent....
...Despite the cuts, tensions in the Middle East and the war in Ukraine, Brent was trading at about $80 a barrel on Tuesday, in line with prices in January 2022 before Russia’s invasion of Ukraine in February...
...Brent crude, the international benchmark, settled up 1.8 per cent at $77.95 a barrel. The US equivalent, West Texas Intermediate, settled 1.5 per cent higher to $72.47....
...Brent, the international crude oil benchmark, fell 1.8 per cent to $78.26 a barrel on Thursday while the US benchmark, West Texas Intermediate, dropped 2.1 per cent to $72.69 a barrel....
...Brent crude, the international benchmark, edged lower to $89.81 a barrel at7.30am on Tuesday in New York, a fall of around 0.3 per cent....
...Prices for Brent crude, the global benchmark, jumped 4 per cent on Monday, its first full day of trading after the conflict broke out, before falling back slightly to $87.56 on Tuesday....
...Energy Source is written and edited by Jamie Smyth, Myles McCormick, Amanda Chu and Tom Wilson, with support from the FT’s global team of reporters....
...Additional reporting by Tom Wilson in London and Silvia Sciorilli Borrelli in Milan...
...(Tom Wilson) Data Drill There have been a lot of headlines recently about the world’s record carbon emissions, and the record coal consumption that’s been driving them....
...“A lot of analysts have had the extremes beaten out of them,” said Mark Wilson, an analyst at Jefferies in London. “The last few years have proven that it is so hard to keep up.”...
...A rally in oil prices in recent months has also helped Russia, with Brent crude rising more than a third between June and September to almost $100 a barrel, before dropping off again in recent weeks....
...Brent crude, the international benchmark, settled up 1.2 per cent at $90.04 on Tuesday, breaking $90 a barrel for the first time since November....
...Brent crude, the global benchmark, was trading at $83.77 on Thursday afternoon in London, up about 0.7 per cent on the day....
...The consultancy expects Brent, the global benchmark, to average $85.90 a barrel for 2024....
...Brent crude, the international benchmark, was trading at $87 a barrel on Friday, up 10 per cent over the past month, with some analysts predicting a return to $100 a barrel oil this year....
...Brent crude, the global oil benchmark, averaged $78 a barrel between April and June compared with $114 a barrel in the same period last year....
...Brent crude, the international oil marker, averaged about $78 a barrel during the period, compared with $112 a barrel a year ago....
...Prices settled at a five-month high, with Brent crude tantalisingly close to breaking $90/barrel....
...Brent crude, the global benchmark, rose almost 2 per cent after the announcements to $84.75 per barrel on Thursday afternoon....
...Brent crude, the international benchmark, rose more than 2 per cent yesterday to a four-month high after Ukraine carried out drone strikes on refineries in Russia and the US announced a decline in stockpiles...
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