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Brent Oil - Upstream PSU oil majors weak on bearish forecasts, supply disruption
The head of oil at Trafigura Group — a leading trader in the commodity — Ben Luckock has said that he sees Brent prices slipping into the $60-70 range 'relatively soon', adding to the selloff in the ...
Morgan Stanley, Goldman Sachs, Citi forecast oil price falling in Q4 and 2025
Investment bank Morgan Stanley has again cut its forecast price for a barrel of oil, expecting the international benchmark to average US$ 75 a barrel in the last quarter of the year. This is because ...
Oil prices dip as weak China demand offsets US supply disruptions from storm
Global commodity traders Gunvor and Trafigura anticipate oil prices may range between $60 and $70 per barrel on weakened Chinese demand and persistent global oversupply, executives told Asia Pacific ...
Crude Oil Strategy today: Check target price, resistance & other key levels
Oil prices showed marginal recovery on Monday to settle a per cent up at $68.71, following its worst weekly fall since October 2023 as WTI fell 8 per cent and Brent was down 10 per cent.
Oil prices steady with storm disruptions, demand fears in focus
Investing.com-- Oil prices steadied in Asian trade on Tuesday as traders sought to gauge the impact of Tropical Storm Francine on U.S. oil production, while concerns over sluggish demand remained in ...