What were Brent and WTI crude oil prices and what are the forecasts for Brent and WTI crude oil for 2024? What factors influenced oil prices?
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Will oil prices continue to fall in 2023? We will examine the main factors currently influencing the trends of oil prices and analyse whether the correction will continue in the next six months. We will present forecasts from banks and analytical agencies.
Brent oil prices have reached the level of 2018 - $80 per barrel. Find out what has provoked the growth of oil prices and what analysts forecast for the nearest future. A short analysis of gas and coal prices.
In 2021, the oil market is in turmoil. This trend might remain in force this year. The article dives into the detail.
Brent and WTI prices are growing after the publication of the oil market by the IEA. Demand for oil will have restored by the end of 2022.
OPEC+ had a meeting. Brent and WTI prices grew by 1.89% and 1.45%. Tech analysis of oil futures and Exxon Mobile shares.
Colonial Pipeline put its work to a halt due to a hacker attack. Oil prices grew by 1.5%. Fuel shortage on the East Coast interrupted the work of airlines, and a state of emergency was declared in Florida.
Since the beginning of the year, oil prices have grown by over 20%, reaching the highs of the last 13 months. Analysts from the Bank of America and Socar Trading SA are sure that in the nearest future, oil price will reach 100 USD per barrel.
Oil prices have reached their record of the last 13 months. The main reasons sticking to OPEC+ agreements on production, a decrease in the world storage, the stimulation of the US economy, global vaccination, and, finally, record colds in the USA.
Will the representatives of the OPEC + countries be able to agree?