brent crude oil price chart

Summary:

  • Concerns around tight Brent supplies outweighed concerns around a global recession dampening demand.
  • Silver prices falling in the wake of an aggressive Fed.
  • Traders weighed weak demand and favourable weather prospects against fears of tight supplies.

Read more: Gold Futures Fell To Near 7 Week Lows, Investors Weighing Supply v Demand For WTI Crude, Platinum Prices 

Brent Crude Oil prices are up on Monday

Brent crude oil prices are up on Monday as concerns around tight supplies outweighed concerns around a global recession dampening demand. A Reuters survey showed that output from 10 OPEC members fell during June. In addition, exports from Libya also declined below expected levels and Norway's daily output is expected to decline due to a planned strike by Norwegian energy sector workers.

Concerns Over Tight Supplies Is Driving Brent Crude Oil Prices Up, Silver Prices Falling, Favourable Weather, Weak Demand & Tight Supplies - Factors Driving Corn Prices - 1 Brent Crude Futures Price Chart

Silver prices reaching 2 year lows

Silver prices have been consistently declining to prices not seen since July of 2020, as they close in toward

WTI & Brent Crude Oil – How Will Inflation Impact Prices?

WTI & Brent Crude Oil – How Will Inflation Impact Prices?

Sebastian Bischeri Sebastian Bischeri 15.12.2021 16:37
  Once inflation is set free, it never returns to the previous state. The fight requires fast thinking, but major banks still sit on the fence. On the global economic scene, major central banks still don’t really know which pedal to use - either the one to fight inflation (tapering) or the other one to keep taking their shoot of quantitative easing (money-printing) policies. Inflation, however, is like toothpaste: once you got it out, you can’t get it back in again. So, instead of squeezing the tube too strongly, both the Federal Reserve (Fed) and the European Central Bank (ECB) are likely to maintain an accommodating tone this week, which could eventually benefit the price of black gold. Crude oil prices were looking for a direction to take on Tuesday, after mixed reports emerged, one rather pessimistic on global demand (published by EIA) and the other, more optimistic over sustained demand, from the OPEC group. Indeed, the first report came from the International Energy Agency (IEA) on Tuesday morning. It slightly lowered its forecast of world oil demand for 2021 and 2022, by 100,000 barrels per day on average, mainly to consider the lower use of air fuels due to new restrictions on international travel. The second one, from OPEC, stated on Monday in a more optimistic bias that the cartel has indeed maintained its forecasts for global oil demand in 2021 and 2022. It estimated that the impact of Omicron should be moderate and short-term since the world is becoming better equipped to face new variants and difficulties they may cause. Therefore, while the prospect of possible travel restrictions and new lockdowns worries investors, the American Petroleum Institute (API) reported on Tuesday a drop in commercial crude reserves of 800,000 barrels last week. On the geopolitical scene, growing tensions between Russia and the West over the conflict in Ukraine are contributing to escalating gas prices, given that a third of European gas comes from Russia. WTI Crude Oil (CLF22) Futures (January contract, daily chart, logarithmic scale) Brent Crude Oil (UKOIL) CFD (daily chart, logarithmic scale) Henry Hub Natural Gas (NGF22) Futures (January contract, daily chart, logarithmic scale) In summary, we can witness more volatile markets than usual for the month of December. Even though this could be accentuated by the end-of-year adjustment operations among traders, some uncertainties with central banks’ monetary policies remain and are certainly weighing on the financial markets, especially in the inflationary context. Thus, the week ahead could be an interesting one for both the black gold and the greenback. Like what you’ve read? Subscribe for our daily newsletter today, and you'll get 7 days of FREE access to our premium daily Oil Trading Alerts as well as our other Alerts. Sign up for the free newsletter today! Thank you. Sebastien BischeriOil & Gas Trading Strategist * * * * * The information above represents analyses and opinions of Sebastien Bischeri, & Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. At the time of writing, we base our opinions and analyses on facts and data sourced from respective essays and their authors. Although formed on top of careful research and reputably accurate sources, Sebastien Bischeri and his associates cannot guarantee the reported data's accuracy and thoroughness. The opinions published above neither recommend nor offer any securities transaction. Mr. Bischeri is not a Registered Securities Advisor. By reading Sebastien Bischeri’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Sebastien Bischeri, Sunshine Profits' employees, affiliates as well as their family members may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Commodities: EU Members Manage To Agree On Price Caps For Russian Oil

Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again

Rebecca Duthie Rebecca Duthie 29.04.2022 14:42
Summary: Despite the earnings of Chevron and Exxon not meeting expectations, the price of Brent Crude Oil continues to rise. Cotton futures prices rise as farmers begin to hoard. Gold prices on the rise again amidst worrying U.S GDP numbers. Brent Crude Oil price increase continues. The week started off poorly for the Brent Crude Oil stocks, but have since then risen substantially. Despite the earnings report of energy sector giants Chevron and Exxon falling short of investor expectations, the price of Brent Crude Oil still saw price rises over the past 24 hours. The price increase comes with the West continuing to move away from Russia for their oil supplies and therefore the concerns around supply continue. Brent Crude Oil Price Chart Read next: Platinum and Random Length Lumber Futures Prices Falling Whilst Corn Futures Are Showing Bullish Signals.   Cotton futures may continue to be bullish. The Price of cotton futures continues to rise amidst China's lockdowns as concerns about crop planting and adverse weather conditions rise. With China being one of the major suppliers of cotton worldwide and therefore future supply concerns pushing the price up, as well as farmers hoarding their cotton in hopes the future prices will increase the commodity prices are likely to continue this bullish trend. Cotton Futures Jul ‘22 Price Chart Gold Futures on the rise again. Gold Futures rose on Friday as worrying U.S economic data sent investors seeking the gold safe-haven investment. US GDP came out as disappointing, meaning that pressure could be taken off the Fed to continue on its hawkish monetary pursuit, begging the question of whether fighting the inflation is worth dragging the economy into a recession. Gold Futures Price Chart Read next: Natural GAS (NGAS) and RBOB Gasoline’s (RB) May Futures Expected To Increase Further In 2022. Copper (HG) Prices Also Forecasted To Increase.   Sources: Finance.yahoo.com, economictimes.indiatimes.com 
The Commodities Feed: First US crude draw this year

WTI Crude Oil Prices Soaring Today Amidst The EU Announcing Their Plans To Ban Russian Oil Imports.

Rebecca Duthie Rebecca Duthie 04.05.2022 13:11
Summary: Major concerns around supply of oil. EU to cut demand for all Russian energy imports within a year. Read next: (HOOD) Can Robinhood Recover From Their Q1 Earnings Announcement ?!  Crude Oil Prices Continue To Surge. The ongoing lockdown in China caused the prices of crude oil to fall, the fall comes despite the production issues around oil. The concerns about supply of oil have become much more serious, according to the International Energy Agency, crude oil demand is meant to increase this year, this outlook remains even taking into account the reduction in demand as a result of the extended lockdowns in China. The concerns around supply have outweighed the fall early this week, especially after the EU’s intentions to stop imports of Crude Oil from Russia within 6 months, and all energy within 1 year. European Union’s plans to ban Russian Crude Oil Imports. The European Union announced their plans to ban imports for Russian crude oil within the next 6 months, the announcement pushed the price of WTI crude oil up by almost 4%. This move comes in an attempt to cut off Russia from the EU and by doing so, starve their economic reserves which are currently funding Russia’s invasion of the Ukraine. WTI Crude Oil Futures Price Chart. Read next: (TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.  Sources: finance.yahoo.com, barrons.com
Russia's Active Production Cuts Could Be Grounds For A Bullish Shock

Demand For Brent Crude Oil Rises, Silver Prices Rise, Improved Corn Crop Eases Supply Concerns

Rebecca Duthie Rebecca Duthie 23.05.2022 11:11
Summary: Brent crude oil prices are rising in response to increasing demand. Silver prices are rising again. Improved weather conditions is leaving the market hopeful for an improved corn crop. Read next: (XAUUSD) Gold Prices Rise In The Wake Of Concerns Around U.S Economic Slowdown, Crude Oil Prices Rally In Response To Increasing Demand And Concerns Around Supply, Cotton Prices  Brent Crude Oil prices rising With the expected increase in demand for Brent crude oil in both the United States and in China's post-lockdown world, the price of Brent crude oil is rising. U.S gasoline and fuel prices remain at a record high level as the busiest driving season approaches. The market expects the demand for Brent crude to increase with the easing of lockdowns in China, causing further concerns around supply in an already tight market. Brent Crude Oil Futures Price Chart Silver prices rise again. A weakening US Dollar has aided in the rising price of Silver. Silver is considered a safe asset and is commonly used as a hedge against inflation which is attractive in the current economic environment. In addition, the rise in the price of silver also comes with investor need for safe-haven assets with the geo-political tensions and the concerns around the slowing global growth. Silver Jul ‘22 Futures Price Chart Corn futures fall Late last week the price of corn futures fell, this came in the wake of investors buying wheat and selling corn in spread trades amidst signs of improved U.S corn crop planting. The improved corn planting is easing concerns around supply, driving the price lower. Corn Jul ‘22 Futures Price Chart Read next: ECB Offering The Euro Support (EUR/USD), Strengthening Of The Renminbi Supporting The EUR and GBP, SNB Turns Hawkish (EUR/CHF) - Good Morning Forex!  Sources: finance.yahoo.com, tradingeconomics.com
Powell signals Fed needs to be nimble, Canada Inflation hits near 40-year high, bitcoin tries to hold USD20k

Some EU Governments Are Still In Favour Of Banning Russian Brent Crude Oil, Investors Turning To Silver As Demand For Safe-Haven Assets Rise, Corn Prices Fall Amidst Easing Supply Concers

Rebecca Duthie Rebecca Duthie 30.05.2022 15:52
Summary: Lockdowns in China ease causing demand for Brent Crude to rise. Silver prices increase as market participants seek safe-haven assets. Supply concerns around corn are easing. read next (XAUUSD) Gold Prices Rose For Second Consecutive Week, Concerns Around Crude Oil Supply Continues To Drive Price, Soybean Prices Rising  Brent Crude Oil prices continue to rise The combination of Beijing and Shanghai beginning to come out of Covid-19 restrictions over the weekend and the ongoing European discussions regarding banning crude oil imports from Russia are causing concerns around supply to tighten. On Monday and Tuesday an EU governments will use a summit to continue to argue in favour of an embargo on Russian crude. The prices of Crude oil are going into their sixth straight month of gains amidst the supply concerns, as demand begins to rise back up to pre-pandemic levels. Brent Crude Oil Price Chart Silver prices are still on the rise A weaker US Dollar continues to give room for the price of silver to rise. Amidst continuing geopolitical tensions and growing concerns regarding slower global growth, investors are turning more towards safe-haven assets. Silver is considered to be a hedge against inflation, the Fed is still expected to tighten monetary policy by raising interest rates further at their next two meetings. Silver Jul ‘22 Futures Prices Corn prices are falling The price of corn futures fell late in May, to the lowest value in almost six weeks amidst expectations of higher supply and the easing of trading restrictions between major producers. Beijing and Brazil reached an agreement to begin corn exports from Brazil to China, after years of talks. In addition, actual planting of corn exceeded market expectations. The easing of supply concerns is slowly driving the price of corn futures down. Corn Jul ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Corn Prices Recorded Their Biggest Weekly Gain, Gold Demand In India May Suffer A Temporary Setback

Saudi Arabia Hike Brent Crude Oil Prices, Demand For Safe-haven Assets Is Supporting Silver Prices, Corn Prices At 8 Week Lows

Rebecca Duthie Rebecca Duthie 06.06.2022 13:12
Summary: Saudi Arabia hiked their crude oil prices for July. Hopes of higher corn supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. Increased demand for Silver as a safe-haven asset drives the prices up. Read next: Saudi Arabia Indicates Plans To Increase Their Oil Output (EUR/USD), ECB Plans To Start Tightening Monetary Policy Still Set For July (EUR/GBP), (USD/JPY, USD/CHF)  Brent Crude oil prices surge as Saudi Arabia Increase prices On Monday Saudi Arabia hiked their crude oil prices for July, driving the price of Brent crude oil up to almost $121 per barrel. This move tightened global supplies even after OPEC+ agreed to increase its output at a faster pace in the coming months. The premium for the barrels heading to the U.S remained steady, whilst the premiums for the barrels heading for Asia and Northwest European countries were raised by Saudi Arabia. Despite OPEC+ promises to increase its output by 50% than previously planned, there are still doubts around whether or not they can meet the demand as member countries are struggling to meet the demand. The price rise and the demand and supply concerns are happening in the peak of the U.S driving season and increased demand as China comes out of its Covid-19 lockdowns, and their economy starts again. Brent Crude Oil Futures Price Chart Silver prices rise again The price of silver reached the highest in a month, this comes in the wake of increased demand for the safe-haven asset. The increased demand is being caused by continuing geopolitical tensions, inflation and persistent concerns around slowing global growth. Silver Jul ‘22 Price Chart Corn prices low Corn futures are trading at eight week lows on Monday amidst strong hopes of higher supplies thanks to hopeful USDA reports and easing trade restrictions between the major producers. With planting progress strong and expectations for exports to resume from the Ukraine, prices are dropping. In addition, Brazil and Beijing came to a conclusion regarding beginning exports from Brazil to China. Corn Dec ‘22 Futures Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Gold Has A Chance For The Rejection Of The Support

Rising Interest Rates Are Inhibiting The Demand For Gold And Silver, Concerns Around A Recession Are Driving Brent Crude Oil Prices Down

Rebecca Duthie Rebecca Duthie 24.06.2022 12:25
Summary: Aggressive central banks inhibiting metal demand. Fears of a slowing economy are sending brent crude oil into its second consecutive week of declines. Read next: Demand Is Decreasing For Platinum, RBOB Gasoline, Supply Concerns Around Wheat Are Easing  Demand for gold declining as interest rates rise Gold futures declined on Friday and were set to decline for their second consecutive week in the wake of stronger expectations that major central banks will continue to raise interest rates aggressively in an attempt to control inflation, which subdued the demand for metals. The Chairman of the Federal Reserve, Jerome Powell reiterates that his commitment to fighting 40-year high inflation is ‘unconditional.’ Gold is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding gold. Gold Aug ‘22 Futures Price Chart Brent Crude Oil facing second consecutive week of declines Brent Crude is on track to decline for the second straight week on Friday in the wake of concerns around aggressive monetary policy tightening and the effects it will have on the global economy and the demand for oil. US manufacturing and services PMIs released on Thursday came in well below expectations which increased fears of a slowing US economy. In addition, investors are remaining cautious amidst signs that global crude oil and fuel supply remains tight. Brent Crude Oil Futures Price Chart Silver prices on the decling As the Federal Reserve and other major central banks continue to rise interest rates in an attempt to tackle rising inflation and risking a global recession, the price of silver is falling. Silver is usually viewed as a hedge against inflation and as a safe-haven asset during times of economic crisis, however as interest rates rise, so too does the opportunity cost of holding silver. Silver Jul ‘22 Price Chart Sources: finance.yahoo.com, tradingeconomics.com
Eyes On Iran Nuclear Deal: Oil Case. Gold Price Is Swinging

Concerns Over Tight Supplies Is Driving Brent Crude Oil Prices Up, Silver Prices Falling, Favourable Weather, Weak Demand & Tight Supplies - Factors Driving Corn Prices

Rebecca Duthie Rebecca Duthie 04.07.2022 15:54
Summary: Concerns around tight Brent supplies outweighed concerns around a global recession dampening demand. Silver prices falling in the wake of an aggressive Fed. Traders weighed weak demand and favourable weather prospects against fears of tight supplies. Read more: Gold Futures Fell To Near 7 Week Lows, Investors Weighing Supply v Demand For WTI Crude, Platinum Prices  Brent Crude Oil prices are up on Monday Brent crude oil prices are up on Monday as concerns around tight supplies outweighed concerns around a global recession dampening demand. A Reuters survey showed that output from 10 OPEC members fell during June. In addition, exports from Libya also declined below expected levels and Norway's daily output is expected to decline due to a planned strike by Norwegian energy sector workers. Brent Crude Futures Price Chart Silver prices reaching 2 year lows Silver prices have been consistently declining to prices not seen since July of 2020, as they close in toward the $20 per-ounce mark. The price declines come in the wake of aggressive monetary policy tightening by the Federal Reserve to try to control high inflation levels which caused investors to turn away from the non-yielding metal. The Fed has reiterated their commitment to fighting inflation, setting expectations for a back-to-back 75 bps interest rate hike in July. Silver Sept ‘22 Futures Price Chart Investors weighing weak demand and favourable weather against tight supply fears Corn prices hovered around $7.5 per bushel as traders weighed weak demand and favourable weather prospects against fears of tight supplies. More corn crop has been planted than the March recordings, the crop flourished in its early stages of development after a late start to planting, this is due to the wet and cool conditions around most of the Midwest. Meanwhile, traders are watching the weather forecasts for the coming weeks as the corn enters its pollination phase which will determine the yields during the harvest that starts in September. At the same time, aggressive monetary tightening is raising fears of economic slowdown and demand destruction is causing concerns around demand for the grain. Corn Dec ‘22 Futures Price Chart Sources: tradingeconomics.com, finance.yahoo.com

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