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Brent Oil - UK ‘still at risk of technical recession’ despite November growth; oil price up after Yemen airstrikes – business live
UK growth rebounded in November, but economists warn that a second quarterly contraction is still a risk. Brent crude hits $80 for first time this year 10:47 Newsflash: the Brent crude oil price has hit $80 per barrel for the first time since 27th December.
UK and US strikes on Houthi rebel sites in Yemen are self-defence, says Rishi Sunak
Strikes against Houthi rebel sites in Yemen are "necessary and proportionate" to protect the global shipping in the Red Sea, Rishi Sunak has said. The UK and US launched targeted strikes on military facilities overnight.
Citi lowers Brent price outlook for 2024 and 2025 on oversupply fears
(Reuters) - Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets "finely balanced". Citi cut its 2024 Brent ...
Oil prices settle higher as traders monitor Middle East tensions
Oil futures ended higher Thursday, finding support as traders monitored rising tensions and shipping threats in the Middle East one day after they slumped amid a large spike in U.S. crude and fuel inventories.
Oil rises 3% to two-week high as Mideast tensions surge
Oil prices climbed about 3% to a two-week high on Thursday after Iran seized an oil tanker off the coast of Oman, raising the prospect of escalating conflict in the Middle East.Brent futures rose $2.23,