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Brent Oil - Oil price warning sparks UK inflation fears

15-04-2024 03:12

Proactive Investors - Brent crude oil prices fell below $90 a barrel on Monday in response to heightened Middle East tensions after Iran launched missile strikes on Israel. But City analysts have warned that any short-term retraction on prices could be temporary and Brent crude – which serves as a benchmark for global oil prices – could resurface above $100 a barrel.

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Financial markets nervous amid Middle East tensions; oil price falls – business live

The oil price, a bellwether for Middle East tensions, has dropped slightly this morning. Brent crude is trading around $90 per barrel – away from last Friday’s six-month high of $92/barrel. Risk appetite is better this Monday morning than it was last ...

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Oil settles 1% higher on Middle East crisis yet posts weekly loss on bearish demand outlook; Brent at $90/bbl

Brent crude futures settled up 71 cents at $90.45 per barrel, while US West Texas Intermediate (WTI) crude futures rose 64 cents to $85.66

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Markets brace for oil to hit $100 as Saudi slashes production

Oil prices are poised to hit $100 a barrel by May, analysts have warned, as Saudia Arabia extends supply cuts. Rising geopolitical tensions and an extension to the Opec cartel’s production curbs mean economists predict oil prices will surpass $100 for the first time since summer 2022.

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Crude oil prices today: Brent prices are down 0.45% today

Brent futures traded around $90.34/bbl, a drop of 0.45% in the last 24 hours. Year to date, Brent prices are up by 14.27%. WTI futures fell by 0.61% to $85.80/bbl, as of 9 a.m. ET. West Texas Intermediate prices have drifted lower in 2024, but prices are up 44.59% over the past three years.

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