Brent Oil (BCO) Price Today, Forecasts & News

Brent Oil
BCO
Closed
84.275
+0.50 (+0.60%)
in:USD•As of: May 17, 2024 00:00 UTC
Prev. Close
83.775
High
84.368
Low
83.41

Stats

Prev. Close

83.775

High

84.368

Low

83.41

Ask

84.29

Bid

84.26

Spread

0.0300

Price Drivers

Positive

Euro Area GDP Annual Growth Rate

United States Interest Rate

Value:0.40%

Strong Euro Area GDP Growth is bullish for Brent oil as demand for oil grows together with the economy.

Negative

EUR/USD

S&P Industrial Sector

Value:$1.08710

Weaker EUR/USD is bearish for Brent oil as Brent oil is quoted in U.S. dollars

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Economic CalendarAll Events

Time zone: GMT

Friday, May 17th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:15	USD	Fed Waller Speech	Medium
16:00	RUB	GDP Growth Rate YoY PrelQ1	Medium	5.4%	5.3%	4.9%
16:00	RUB	Inflation Rate YoYApr	Medium	7.8%	7.8%	7.7%
16:00	RUB	Inflation Rate MoMApr	Medium	0.5%	0.5%	0.4%

Saturday, May 18th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
21:45	USD	Fed Kugler Speech	Medium

Sunday, May 19th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
19:30	USD	Fed Chair Powell Speech	High

Monday, May 20th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
01:15	CNY	Loan Prime Rate 5YMay	Medium		3.95%	3.95%

Latest News

FXEmpire22 hours ago

Here’s Why The Booming AI Revolution Makes This Commodity A Compelling Buy

Brent Oil+0.60%

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FXEmpire24 hours ago

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As China’s Industrial Production Exceeds Expectations

Brent Oil+0.60%

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WTI Oil+0.74%

FXEmpireMay 17, 2024

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate

Brent Oil+0.60%

WTI Oil+0.74%

FXEmpireMay 17, 2024

Crude Oil Price Forecast – Crude Oil Continues to Do Nothing

Brent Oil+0.60%

WTI Oil+0.74%

FXEmpireMay 17, 2024

Crude Oil News Today: Set for Weekly Gain Amid Improving Global Demand

Brent Oil+0.60%

WTI Oil+0.74%

FXEmpireMay 17, 2024

Natural Gas and Oil Forecast: WTI and Brent Rise 0.10%; Upside Potential?

Brent Oil+0.60%

Natural Gas+5.35%

WTI Oil+0.74%

Read All

Commodities

Brent Oil

Positive

Negative

Here’s Why The Booming AI Revolution Makes This Commodity A Compelling Buy

Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As China’s Industrial Production Exceeds Expectations

Crude Oil Weekly Price Forecast – Crude Oil Continues to Consolidate

Crude Oil Price Forecast – Crude Oil Continues to Do Nothing

Crude Oil News Today: Set for Weekly Gain Amid Improving Global Demand

Natural Gas and Oil Forecast: WTI and Brent Rise 0.10%; Upside Potential?

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