Brent Forecast

Is $70/bbl the new $80/bbl? The Nov ’24 Brent futures witnessed a tumultuous last week, briefly falling below $70/bbl for the first time in three ...

Brent crude futures saw a significant sell-off last week amid a weakening economic backdrop despite OPEC’s plans to delay its production hikes. The Nov’24 contract ...

Show Me the Demand! The Nov’24 Brent futures contract was trading at around $77.05/bbl at 09:00 BST (time of writing), and we expect it to ...

We expect Nov’24 Brent futures to end the week trading between $78/bbl and $82.00/bbl in what continues to be a range-bound market, albeit the range ...

Although Brent crude futures saw a solid start last week, price action closed below $80/bbl on Friday. Middle East geopolitical concerns have eased alongside poor ...

Swing Low, Sweet Crude Brent crude futures suffered a major sell-off amidst mounting recession fears in the US, as the front-month October contract fell to ...

Rebalancing in High Volatility We expect Brent prices to remain in the low $80/bbls this week – despite a less saturated buy-side market – because ...

Onyx Research Analyst Mita Chaturvedi reports this week's Brent forecast.

Too close to the sun? The prompt Brent futures flat price contract recorded great strength last week. The contract began the week at $84.25/bbl and ...

TARGET PRICE: $82-84/bbl Although we expect Brent futures to remain supported above the $80/bbl region, we hold a neutral outlook this week, with the front-month ...