Markets

Brent Oil (LCOF7) Price Live

55.380
06:47:43(GMT)
-0.130
(-0.23%)*Daily Change

TECHNICAL SUMMARY

BUYMoving Averages
SELLTrend Indicators
SELLNumeric Indicators
NEUTRALVolatility Indicators

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LATEST NEWS

2 days ago

Tracking Production Cut Compliance Could Prove Difficult for OPEC

Three weeks into the new year and 21 days since OPEC/Non-OPEC countries began cutting output, we have the first meeting of representative of the cartel and several other major oil producers outside the cartel, in Vienna, to discuss compliance with the oil production cut agreement. The purpose of the meeting will be to establish a … Continue reading Tracking Production Cut Compliance Could Prove Difficult for OPEC

Crude Oil OPEC-flag
11 days ago

Crude Oil Boosted by Reports of Growing Compliance with Output Plan

Crude oil prices rose a second day on Thursday, bolstered by reports that several of OPEC’s key players were complying with the cartel’s plan to curb output. Additional support was provided by forecasts of strong demand growth in China. At the mid-session, U.S. March West Texas Intermediate crude oil was trading $53.00, up $0.77 or … Continue reading Crude Oil Boosted by Reports of Growing Compliance with Output Plan

Crude oil
14 days ago

Oil Prices Plunge Amid Concerns U.S. Output May Negate OPEC’s Production Cuts

March West Texas Intermediate Crude Oil is down 2.92% at the mid-session and March Brent Crude Oil is off 2.96% on increased concerns over the possible negative effects increasing U.S. production may have on OPEC’s plan to cut production, trim the global surplus and stabilize prices. On paper, traders seem to be optimistic over the … Continue reading Oil Prices Plunge Amid Concerns U.S. Output May Negate OPEC’s Production Cuts

ADP Report
18 days ago

ADP Jobs Data Comes in Below Expectations, Crude Oil Data Mixed

U.S. Economic data was mixed on Thursday with U.S. weekly jobless claims falling to a 43-year low last week, but data from payrolls processor ADP showing the private sector added fewer jobs than estimated. Other data included the December IHS Markit Services PMI and the ISM Non-manufacturing Index. ADP said private employers added 153,000 jobs … Continue reading ADP Jobs Data Comes in Below Expectations, Crude Oil Data Mixed

All Brent Oil News

LATEST FORECASTS

Tomasz Wiśniewski

How will this sideways trend on the Oil end?

Since the beginning of December we are not moving much on the Brent Oil chart. After the bullish breakout of the 53,8$/bbl resistance (green) the price is moving sideways, creating a Head and Shoulders pattern (yellow areas). Buyers are probably now wondering: “What H&S pattern if there clearly is a pennant (red lines)!?” What is … Continue reading How will this sideways trend on the Oil end?

James Hyerczyk

Oil Fundamental Forecast – January 23, 2017

Crude oil prices closed higher on Friday on optimism that the week-end meeting between OPEC/non-OPEC nations would demonstrate compliance with a plan to cut production, trim supply and stabilize prices. U.S. March West Texas Intermediate crude oil finished the daily session at $53.22, up $1.10 or +2.11%. International Brent crude oil closed at $55.49, up … Continue reading Oil Fundamental Forecast – January 23, 2017

James Hyerczyk

Oil Fundamental Analysis – Forecast for the Week of January 23, 2017

A slew of mixed news and optimism ahead of the January 21 -22 OPEC/non-OPEC meeting to discuss compliance with the plan to reduce output in Vienna helped hold crude oil futures in a narrow range last week, however, the markets were able to each eke out small gains. U.S. March West Texas Intermediate Crude Oil … Continue reading Oil Fundamental Analysis – Forecast for the Week of January 23, 2017

James Hyerczyk

Oil Fundamental Forecast – January 20, 2017

U.S. West Texas Intermediate (WTI) and International Brent crude oil futures posted an inside day on Thursday and a lower close as investors reacted to both bullish and bearish news with the latter apparently influencing investors more. March WTI crude oil closed at $52.12, down $0.06 or -0.11% and March Brent crude oil finished the … Continue reading Oil Fundamental Forecast – January 20, 2017

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