Tuesday, November 28, 2023

oil price

JPMorgan analyst sees oil price surge as high as $150

JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report, Oil Price reported. Several catalysts went into the...

Oil prices rise modestly as traders assess Russian output cut

 Oil prices eked out modest gains as market participants weighed Russia's plan to cut its oil production. The West Texas Intermediate (WTI) for March delivery rose 42 cents, or 0.53 per cent, to settle at $80.14 a barrel on the...

Inflation: Fuel prices set to rise

Hostilities between Russia and Ukraine, along with sustained demand, is expected to keep global crude oil prices in the range of $95-to-$125 per barrel in the short term.Consequently, the geo-political crisis-led global hike in crude oil prices is expected...