Brent, crude futures
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Brent crude hits $110 amid the West Asia crisis. Here's how higher oil prices and a weaker rupee could affect Indian markets and inflation.
Brent crude exceeding $102 suggests market participants are pricing in tighter supply conditions due to Middle East tensions. HSBC’s raised oil forecast appears consistent with market expectations of a sustained price increase.
SINGAPORE, Sept 9 (Reuters) - Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing concern about oil flows from the region.
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments, ethics ...
Brent crude rises above $107, causing US stocks and bonds to dip. New all-time high for crude by December 31 at 14% YES.
By Robert Harvey LONDON, Sept 10 (REUTERS) - Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply disruptions after Iran and the United States launched their largest attacks on shipping since their six-month-old conflict began.
Oil prices surged and posted gains for the second consecutive week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($104.60/barrel) and crude oil futures in the domestic market (₹9,152/barrel) rose 8.7 per cent and 9.9 per cent respectively.
Brent futures turned higher late Friday after news that Saudi Arabia shut down its East-West pipeline as a precaution after "multiple" attacks. Brent crude, the international benchmark, had settled lower on Friday on the heels of a report calling for more demand destruction ahead for oil.