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Oil settles nearly US$1 lower as Trump-Putin talks loom
HOUSTON] Oil prices closed down nearly US$1 on Friday (Aug 15) as traders awaited talks between US President Donald Trump and Russian leader Vladimir Putin, which could lead to an easing of the sanctions imposed on Moscow over the war in Ukraine.
The U.S. Energy Information Administration on Tuesday forecast Brent crude oil spot prices will average less than $60 per ...
The Energy Information Administration predicts a significant drop in global oil prices, with Brent crude falling from $71 to ...
Bank of America said Thursday it expects Brent crude prices will drop below $60/bbl in this year's H2, as rising production by OPEC+ will increase the crude oil market surplus. BofA forecasts an ...
Oil prices extended losses amid concerns over demand after the IEA forecast a larger supply surplus ahead and U.S. crude stocks unexpectedly rose.
The U.S. Energy Information Administration cut its Brent spot average crude oil price forecast for 2025 and 2026 in its latest short term energy outlook.
BofA said, however, Brent oil price could rebound above $70/bbl by the summer of 2026 due to a combination of easier global monetary policy, a weaker dollar, more disciplined OPEC+ production and ...
Geopolitical developments are a primary driver of market uncertainty. The Trump-Putin talks could either ease concerns over ...
Oil prices slipped on Wednesday as investors perceived the risk of an industry glut. West Texas Intermediate ( CL=F) futures fell as much as 1.6% to hover above $62 per barrel. Brent crude ( BZ=F ), ...
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