Brent Review

We expected the now-prompt October’24 Brent futures contract to trade between $78-80/bbl at the end of the week. In line with this forecast, the benchmark ...

TARGET PRICE: $83/bbl – $85/bbl PRICE: $85.80/bbl Return of the pre-weekend bulls? On Monday, we forecast short-term bearishness to take the benchmark Brent crude futures ...

TARGET PRICE: $82/bbl – $84/bbl PRICE: $85/bbl Is Summer Demand Finally Here? The crude oil futures market is on track for its second consecutive weekly ...

Brent trumped bearish macro sentiment and the EIA stats. The likely unwinding of stretched short positions trumped bearish drivers this week, driving Brent above our ...