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Brent Oil - Brent Crude’s Upward Momentum Seems to Be Building, Charts Show
10-10-2024 01:12
Brent crude oil’s upward momentum seems to be building, based on charts, says Quek Ser Leang, markets strategist of UOB’s Global Economics & Markets Research, in a research report. Brent rebounded above $79.
EIA Slashes Forecasts of Oil Demand Growth and Oil Prices in 2025
The U.S. Energy Information Administration lowered its forecast for global oil demand growth in 2025 due to weaker economic outlooks in developed nations, causing a decrease in predicted Brent crude oil prices.